First Financial Bankshares (FFIN) Stock Rating Lowered by BidaskClub

First Financial Bankshares (NASDAQ:FFIN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price objective on shares of First Financial Bankshares in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.33.

Shares of First Financial Bankshares (FFIN) traded up $0.15 during trading on Tuesday, reaching $47.85. 159,311 shares of the company were exchanged, compared to its average volume of 296,342. The stock has a market cap of $3,170.00, a PE ratio of 28.65 and a beta of 1.40. First Financial Bankshares has a 12-month low of $36.85 and a 12-month high of $48.85.

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

In other First Financial Bankshares news, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total value of $62,271.36. Following the completion of the transaction, the director now directly owns 33,379 shares of the company’s stock, valued at approximately $1,519,412.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.04% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System lifted its position in shares of First Financial Bankshares by 4.1% during the third quarter. California Public Employees Retirement System now owns 141,411 shares of the bank’s stock worth $6,392,000 after purchasing an additional 5,511 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of First Financial Bankshares by 108.6% during the third quarter. First Republic Investment Management Inc. now owns 13,717 shares of the bank’s stock worth $620,000 after purchasing an additional 7,142 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Financial Bankshares by 44.8% during the third quarter. Envestnet Asset Management Inc. now owns 8,641 shares of the bank’s stock worth $391,000 after purchasing an additional 2,675 shares during the last quarter. Stifel Financial Corp lifted its position in shares of First Financial Bankshares by 105.7% during the third quarter. Stifel Financial Corp now owns 25,172 shares of the bank’s stock worth $1,135,000 after purchasing an additional 12,934 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of First Financial Bankshares by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,138,840 shares of the bank’s stock worth $51,475,000 after purchasing an additional 60,011 shares during the last quarter. 51.37% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.thelincolnianonline.com/2018/01/13/first-financial-bankshares-ffin-stock-rating-lowered-by-bidaskclub.html.

First Financial Bankshares Company 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.

Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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

Leave a Reply