Mutual of America Capital Management LLC Raises Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mutual of America Capital Management LLC raised its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,072 shares of the bank’s stock after acquiring an additional 24,661 shares during the period. Mutual of America Capital Management LLC owned about 0.19% of First Financial Bankshares worth $8,123,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FFIN. Olistico Wealth LLC bought a new stake in shares of First Financial Bankshares in the 2nd quarter valued at about $29,000. Hexagon Capital Partners LLC lifted its position in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of First Financial Bankshares during the second quarter valued at approximately $41,000. SYSTM Wealth Solutions LLC grew its holdings in shares of First Financial Bankshares by 17.4% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock worth $88,000 after purchasing an additional 398 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of First Financial Bankshares by 128.9% in the fourth quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock worth $148,000 after purchasing an additional 2,753 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Up 2.6 %

Shares of First Financial Bankshares stock opened at $38.84 on Friday. The business has a 50 day moving average of $35.93 and a 200 day moving average of $32.19. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $39.53. The company has a market cap of $5.55 billion, a PE ratio of 27.74 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $184.94 million during the quarter, compared to analyst estimates of $134.10 million. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. On average, research analysts anticipate that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.72 annualized dividend and a yield of 1.85%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FFIN shares. Stephens upped their price target on shares of First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Truist Financial increased their target price on shares of First Financial Bankshares from $31.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th.

First Financial Bankshares Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.