Todays Report: Today, Nationwide Fund Advisors decides to keep it stake in First Financial Bankshares Inc. (FFIN) to the level of $1,517,000

Today, Nationwide Fund Advisors decides to keep it stake in First Financial Bankshares Inc. (FFIN) to the level of $1,517,000

Nationwide Fund Advisors held its stake in shares of First Financial Bankshares Inc. (NASDAQ:FFIN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,643 shares of the company’s stock at the end of the third quarter. Nationwide Fund Advisors’ holdings in First Financial Bankshares were worth $1,517,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. BOKF NA boosted its stake in First Financial Bankshares by 0.3% in the second quarter. BOKF NA now owns 10,441 shares of the company’s stock valued at $342,000 after buying an additional 34 shares during the period. Louisiana State Employees Retirement System boosted its stake in First Financial Bankshares by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $961,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. boosted its stake in First Financial Bankshares by 3.8% in the second quarter. PineBridge Investments L.P. now owns 8,377 shares of the company’s stock valued at $274,000 after buying an additional 310 shares during the period. Arizona State Retirement System boosted its stake in First Financial Bankshares by 1.2% in the second quarter. Arizona State Retirement System now owns 34,260 shares of the company’s stock valued at $1,123,000 after buying an additional 400 shares during the period. Finally, Commonwealth Equity Services Inc boosted its stake in First Financial Bankshares by 0.8% in the second quarter. Commonwealth Equity Services Inc now owns 56,689 shares of the company’s stock valued at $1,859,000 after buying an additional 439 shares during the period. 46.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Financial Bankshares Inc. (NASDAQ:FFIN) traded down 1.98% during trading on Monday, reaching $44.65. 294,552 shares of the company’s stock were exchanged. First Financial Bankshares Inc. has a 52-week low of $24.12 and a 52-week high of $46.70. The stock has a market cap of $2.93 billion, a PE ratio of 28.62 and a beta of 1.22. The stock’s 50 day moving average price is $39.21 and its 200-day moving average price is $35.61.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, October 20th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. First Financial Bankshares had a net margin of 32.69% and a return on equity of 12.23%. During the same quarter last year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that First Financial Bankshares Inc. will post $1.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 13th. First Financial Bankshares’s payout ratio is presently 45.86%.

FFIN has been the topic of several research analyst reports. Zacks Investment Research raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Hovde Group cut shares of First Financial Bankshares from a “market perform” rating to an “underperform” rating and increased their price target for the company from $37.50 to $43.00 in a research note on Friday, November 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. First Financial Bankshares presently has a consensus rating of “Hold” and a consensus target price of $35.33.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.

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