First Financial Bankshares Inc (FFIN) Holdings Raised by Strs Ohio
Strs Ohio raised its position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,200 shares of the bank’s stock after acquiring an additional 2,000 shares during the period. Strs Ohio’s holdings in First Financial Bankshares were worth $530,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its stake in First Financial Bankshares by 5,809.8% in the third quarter. Rehmann Capital Advisory Group now owns 6,619 shares of the bank’s stock valued at $112,000 after acquiring an additional 6,507 shares during the last quarter. Paloma Partners Management Co bought a new position in First Financial Bankshares in the third quarter valued at approximately $201,000. Partnervest Advisory Services LLC bought a new position in First Financial Bankshares in the third quarter valued at approximately $204,000. LPL Financial LLC bought a new position in First Financial Bankshares in the third quarter valued at approximately $207,000. Finally, Hsbc Holdings PLC bought a new position in First Financial Bankshares in the third quarter valued at approximately $220,000. Institutional investors own 56.52% of the company’s stock.
FFIN stock traded up $0.02 during midday trading on Monday, hitting $61.87. The company’s stock had a trading volume of 100 shares, compared to its average volume of 331,176. First Financial Bankshares Inc has a twelve month low of $44.35 and a twelve month high of $66.83. The firm has a market capitalization of $4.19 billion, a P/E ratio of 28.48 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 1.36%. First Financial Bankshares’s payout ratio is currently 38.53%.
FFIN has been the topic of a number of recent research reports. Robert W. Baird initiated coverage on shares of First Financial Bankshares in a research note on Tuesday, October 16th. They issued a “neutral” rating and a $60.00 price objective on the stock. Stephens set a $52.00 price target on shares of First Financial Bankshares and gave the stock a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, November 29th. Finally, BidaskClub raised shares of First Financial Bankshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.00.
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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.
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