MetLife Investment Advisors LLC boosted its position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 147.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,156 shares of the bank’s stock after purchasing an additional 41,247 shares during the period. MetLife Investment Advisors LLC’s holdings in First Financial Bankshares were worth $3,996,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc increased its holdings in shares of First Financial Bankshares by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 6,569,285 shares of the bank’s stock worth $388,245,000 after purchasing an additional 138,088 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in First Financial Bankshares by 4.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,627,204 shares of the bank’s stock valued at $94,020,000 after acquiring an additional 62,409 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in First Financial Bankshares in the fourth quarter valued at about $26,000. Dimensional Fund Advisors LP increased its stake in First Financial Bankshares by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,230,481 shares of the bank’s stock valued at $70,986,000 after acquiring an additional 13,808 shares during the period. Finally, Geode Capital Management LLC increased its stake in First Financial Bankshares by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 822,663 shares of the bank’s stock valued at $47,459,000 after acquiring an additional 52,256 shares during the period. 55.53% of the stock is owned by institutional investors.
In other First Financial Bankshares news, Director David L. Copeland sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total value of $308,400.00. Following the completion of the sale, the director now owns 34,094 shares of the company’s stock, valued at $2,102,917.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johnny Trotter bought 2,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of $60.67 per share, with a total value of $121,340.00. Following the purchase, the director now directly owns 405,913 shares of the company’s stock, valued at approximately $24,626,741.71. The disclosure for this purchase can be found here. Insiders purchased 11,181 shares of company stock worth $663,178 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
Shares of FFIN stock traded up $0.46 during trading hours on Friday, reaching $30.61. 362,374 shares of the company were exchanged, compared to its average volume of 453,190. The business has a fifty day moving average price of $36.34. First Financial Bankshares Inc has a fifty-two week low of $26.01 and a fifty-two week high of $33.42. The firm has a market cap of $8.31 billion, a P/E ratio of 28.08 and a beta of 1.16.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. The business had revenue of $95.77 million for the quarter, compared to analyst estimates of $96.90 million. During the same period in the prior year, the business posted $0.26 earnings per share. On average, analysts anticipate that First Financial Bankshares Inc will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 1.57%. First Financial Bankshares’s dividend payout ratio is currently 44.04%.
First Financial Bankshares Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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