Aigen Investment Management LP Acquires Shares of 6,588 First Financial Bankshares, Inc. (NASDAQ:FFIN)

Aigen Investment Management LP purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 4th quarter, Holdings Channel.com reports. The firm purchased 6,588 shares of the bank’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. purchased a new position in First Financial Bankshares during the 4th quarter worth $33,000. Huntington National Bank increased its stake in shares of First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after acquiring an additional 577 shares during the period. R Squared Ltd purchased a new position in First Financial Bankshares during the fourth quarter worth about $88,000. US Bancorp DE lifted its position in First Financial Bankshares by 50.9% in the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,696 shares during the period. Finally, KBC Group NV boosted its holdings in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,819 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Financial Bankshares

In other news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction on 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 owns 471,004 shares of the company’s stock, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

First Financial Bankshares Stock Down 0.2 %

NASDAQ:FFIN opened at $36.33 on Monday. The firm’s fifty day simple moving average is $36.97 and its 200-day simple moving average is $37.77. The stock has a market cap of $5.19 billion, a PE ratio of 23.29 and a beta of 0.78. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.98%. First Financial Bankshares’s payout ratio is 46.15%.

About First Financial Bankshares

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.