First Financial Bankshares (NASDAQ:FFIN) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday, March 9th.
A number of other research firms also recently weighed in on FFIN. Sandler O’Neill restated a “sell” rating and set a $40.00 price target on shares of First Financial Bankshares in a research report on Friday, January 26th. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Hovde Group set a $46.00 price target on First Financial Bankshares and gave the company a “hold” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 price target on shares of First Financial Bankshares in a report on Tuesday, February 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $48.00 price objective on shares of First Financial Bankshares in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.86.
First Financial Bankshares (NASDAQ FFIN) traded up $0.40 during trading on Friday, hitting $49.10. The stock had a trading volume of 944,222 shares, compared to its average volume of 155,579. First Financial Bankshares has a 52-week low of $36.85 and a 52-week high of $49.60. The company has a market capitalization of $3,290.90, a price-to-earnings ratio of 27.13 and a beta of 1.33.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The business had revenue of $83.20 million for the quarter, compared to the consensus estimate of $90.40 million. First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%. research analysts anticipate that First Financial Bankshares will post 2.07 earnings per share for the current year.
In other news, Director Steven L. Beal sold 15,973 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $47.37, for a total value of $756,641.01. Following the completion of the sale, the director now directly owns 1,465 shares in the company, valued at approximately $69,397.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johnny Trotter bought 11,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $45.10 per share, with a total value of $514,140.00. Following the acquisition, the director now directly owns 388,938 shares in the company, valued at approximately $17,541,103.80. The disclosure for this purchase can be found here. 4.77% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Milestone Group Inc. bought a new position in shares of First Financial Bankshares in the 3rd quarter valued at about $201,000. Crewe Advisors LLC purchased a new stake in First Financial Bankshares in the 4th quarter worth about $218,000. CIBC Asset Management Inc purchased a new stake in First Financial Bankshares in the 4th quarter worth about $233,000. Xact Kapitalforvaltning AB purchased a new stake in First Financial Bankshares in the 4th quarter worth about $235,000. Finally, FDx Advisors Inc. purchased a new stake in First Financial Bankshares in the 3rd quarter worth about $390,000. 51.58% of the stock is owned by institutional investors and hedge funds.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. 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, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.
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