Great West Life Assurance Co. Can Has $3.95 Million Holdings in First Financial Bankshares, Inc. (FFIN)

Great West Life Assurance Co. Can lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,858 shares of the bank’s stock after selling 6,300 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of First Financial Bankshares worth $3,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of FFIN. Kayne Anderson Rudnick Investment Management LLC boosted its stake in First Financial Bankshares by 37.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,396,940 shares of the bank’s stock worth $63,142,000 after purchasing an additional 383,924 shares during the period. American Century Companies Inc. boosted its stake in First Financial Bankshares by 58.5% in the 2nd quarter. American Century Companies Inc. now owns 295,822 shares of the bank’s stock worth $13,075,000 after purchasing an additional 109,149 shares during the period. Vanguard Group Inc. boosted its stake in First Financial Bankshares by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,827,897 shares of the bank’s stock worth $257,594,000 after purchasing an additional 77,503 shares during the period. Bank of New York Mellon Corp boosted its position in shares of First Financial Bankshares by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,173,105 shares of the bank’s stock valued at $51,851,000 after acquiring an additional 45,338 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of First Financial Bankshares during the 3rd quarter valued at about $1,588,000. Institutional investors and hedge funds own 51.40% of the company’s stock.

FFIN has been the subject of a number of research analyst reports. BidaskClub downgraded First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $41.00 price target on shares of First Financial Bankshares in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.00 price target on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $43.40.

In related news, Director David L. Copeland sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total value of $62,271.36. Following the completion of the sale, the director now owns 33,379 shares in the company, valued at approximately $1,519,412.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.04% of the company’s stock.

Shares of First Financial Bankshares, Inc. (NASDAQ FFIN) opened at $45.55 on Friday. The stock has a market capitalization of $3,049.71, a PE ratio of 27.58 and a beta of 1.40. First Financial Bankshares, Inc. has a 12-month low of $36.85 and a 12-month high of $48.85.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $83.95 million during the quarter, compared to the consensus estimate of $89.87 million. First Financial Bankshares had a return on equity of 12.70% and a net margin of 33.51%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. equities analysts expect that First Financial Bankshares, Inc. will post 1.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.67%. First Financial Bankshares’s payout ratio is 45.51%.

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First Financial Bankshares Profile

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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