AHL Partners LLP Has $708,000 Stake in First Financial Bankshares, Inc. (FFIN)

AHL Partners LLP cut its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 28.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,014 shares of the bank’s stock after selling 6,286 shares during the quarter. AHL Partners LLP’s holdings in First Financial Bankshares were worth $708,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FFIN. BlackRock Inc. increased its holdings in shares of First Financial Bankshares by 84,122.7% in the 1st quarter. BlackRock Inc. now owns 7,960,731 shares of the bank’s stock valued at $319,224,000 after acquiring an additional 7,951,279 shares during the period. State Street Corp increased its holdings in shares of First Financial Bankshares by 23.8% in the 1st quarter. State Street Corp now owns 2,081,757 shares of the bank’s stock valued at $83,472,000 after acquiring an additional 400,296 shares during the period. Vanguard Group Inc. increased its holdings in shares of First Financial Bankshares by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 5,750,394 shares of the bank’s stock valued at $230,590,000 after acquiring an additional 310,827 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of First Financial Bankshares by 21.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,013,016 shares of the bank’s stock valued at $44,775,000 after acquiring an additional 176,003 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of First Financial Bankshares by 16.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,053,435 shares of the bank’s stock valued at $42,243,000 after acquiring an additional 147,378 shares during the period. Institutional investors and hedge funds own 50.12% of the company’s stock.

Shares of First Financial Bankshares, Inc. (FFIN) opened at 45.80 on Thursday. The firm’s 50-day moving average price is $42.72 and its 200-day moving average price is $41.39. The firm has a market cap of $3.01 billion, a PE ratio of 28.24 and a beta of 1.38. First Financial Bankshares, Inc. has a 12 month low of $35.05 and a 12 month high of $46.70.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $82.25 million for the quarter, compared to analyst estimates of $87.11 million. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Analysts expect that First Financial Bankshares, Inc. will post $1.70 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, September 14th. First Financial Bankshares’s payout ratio is 46.91%.

First Financial Bankshares declared that its Board of Directors has initiated a stock repurchase program on Tuesday, July 25th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/10/19/ahl-partners-llp-has-708000-stake-in-first-financial-bankshares-inc-ffin.html.

FFIN has been the subject of a number of recent analyst reports. BidaskClub cut First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 price objective on shares of First Financial Bankshares in a research report on Friday, July 21st. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, July 26th. Stephens set a $39.00 price objective on First Financial Bankshares and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price objective on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.00.

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)

Receive News & Ratings for First Financial Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply