First Financial Bankshares, Inc. (NASDAQ:FFIN) Stake Reduced by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 41,343 shares of the bank’s stock after selling 3,117 shares during the quarter. American Century Companies Inc.’s holdings in First Financial Bankshares were worth $1,221,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC lifted its position in First Financial Bankshares by 81.1% in the 1st 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. Olistico Wealth LLC bought a new position in First Financial Bankshares in the 2nd quarter worth about $29,000. Neo Ivy Capital Management acquired a new stake in shares of First Financial Bankshares in the second quarter valued at approximately $41,000. SYSTM Wealth Solutions LLC raised its holdings in shares of First Financial Bankshares by 17.4% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after buying an additional 398 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of First Financial Bankshares by 6.0% during the second quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock valued at $155,000 after buying an additional 296 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

FFIN opened at $37.01 on Tuesday. The business has a 50 day moving average price of $36.36 and a two-hundred day moving average price of $32.47. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 26.44 and a beta of 0.78. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $39.53.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share for the quarter, beating 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 return on equity of 14.01% and a net margin of 29.13%. Equities analysts expect that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FFIN shares. Stephens increased their price objective on First Financial Bankshares from $31.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Truist Financial raised their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th.

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.