Metropolitan Life Insurance Co NY grew its holdings in First Financial Bankshares Inc (NASDAQ:FFIN) by 84.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,231 shares of the bank’s stock after purchasing an additional 17,496 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in First Financial Bankshares were worth $2,208,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. MetLife Investment Advisors LLC lifted its position in First Financial Bankshares by 147.8% in the 1st quarter. MetLife Investment Advisors LLC now owns 69,156 shares of the bank’s stock valued at $3,996,000 after acquiring an additional 41,247 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of First Financial Bankshares in the 1st quarter valued at about $604,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in First Financial Bankshares by 3.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,617,135 shares of the bank’s stock valued at $93,438,000 after buying an additional 52,340 shares during the last quarter. GWM Advisors LLC acquired a new position in First Financial Bankshares in the 1st quarter valued at about $1,304,000. Finally, Commonwealth Equity Services LLC grew its stake in First Financial Bankshares by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 202,558 shares of the bank’s stock valued at $11,703,000 after buying an additional 6,706 shares during the last quarter. 55.53% of the stock is currently owned by institutional investors.
NASDAQ:FFIN traded up $0.46 on Friday, hitting $30.61. The company had a trading volume of 362,374 shares, compared to its average volume of 453,190. The stock has a market cap of $8.31 billion, a PE ratio of 28.08 and a beta of 1.16. The company’s 50 day moving average price is $36.34. First Financial Bankshares Inc has a 52 week low of $26.01 and a 52 week high of $33.42.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, June 14th. First Financial Bankshares’s payout ratio is currently 44.04%.
A number of brokerages recently commented on FFIN. Stephens set a $22.00 price target on shares of Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. BidaskClub upgraded shares of Zai Lab from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th. Finally, ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.83.
In other news, Director David L. Copeland sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total transaction of $308,400.00. Following the completion of the sale, the director now directly owns 34,094 shares in the company, valued at $2,102,917.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Johnny Trotter acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $60.67 per share, with a total value of $121,340.00. Following the completion of the transaction, the director now owns 405,913 shares of the company’s stock, valued at $24,626,741.71. The disclosure for this purchase can be found here. Insiders have bought 11,181 shares of company stock valued at $663,178 in the last ninety days. Insiders own 4.90% of the company’s stock.
First Financial Bankshares Company 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.
See Also: Convertible Shares
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