Aigen Investment Management LP Purchases New Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Aigen Investment Management LP purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,588 shares of the bank’s stock, valued at approximately $237,000.

Several other institutional investors also recently bought and sold shares of the business. Strategic Financial Concepts LLC lifted its position in shares of First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock valued at $101,222,000 after buying an additional 2,730,017 shares in the last quarter. State Street Corp lifted its holdings in First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after purchasing an additional 281,166 shares in the last quarter. Geode Capital Management LLC grew its position in shares of First Financial Bankshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after purchasing an additional 249,011 shares during the period. Champlain Investment Partners LLC increased its stake in shares of First Financial Bankshares by 6.8% during the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock worth $130,139,000 after purchasing an additional 223,640 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of First Financial Bankshares by 37.5% during the third quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock worth $22,701,000 after purchasing an additional 167,433 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at First Financial Bankshares

In other news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the transaction, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Trading Down 0.2 %

Shares of FFIN stock opened at $36.33 on Monday. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 23.29 and a beta of 0.78. The company’s 50-day moving average price is $36.97 and its 200-day moving average price is $37.77. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, equities research analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, January 27th.

First Financial Bankshares Company 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.