First Financial Bankshares Inc (NASDAQ:FFIN) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.71.
FFIN has been the topic of several research analyst reports. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Robert W. Baird initiated coverage on shares of First Financial Bankshares in a research note on Tuesday, October 16th. They set a “neutral” rating and a $60.00 price objective on the stock. Stephens set a $52.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd.
In other First Financial Bankshares news, Director Johnny Trotter acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were purchased at an average price of $55.65 per share, for a total transaction of $111,300.00. Following the completion of the purchase, the director now directly owns 384,926 shares in the company, valued at $21,421,131.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.77% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in First Financial Bankshares by 2.1% during the third quarter. Vanguard Group Inc. now owns 6,569,285 shares of the bank’s stock worth $388,245,000 after acquiring an additional 138,088 shares during the period. Legal & General Group Plc raised its stake in First Financial Bankshares by 7.5% during the third quarter. Legal & General Group Plc now owns 157,167 shares of the bank’s stock worth $9,261,000 after acquiring an additional 11,022 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of First Financial Bankshares by 5,809.8% in the third quarter. Rehmann Capital Advisory Group now owns 6,619 shares of the bank’s stock valued at $112,000 after purchasing an additional 6,507 shares during the period. Teachers Advisors LLC increased its stake in shares of First Financial Bankshares by 2.6% in the third quarter. Teachers Advisors LLC now owns 127,652 shares of the bank’s stock valued at $7,544,000 after purchasing an additional 3,224 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of First Financial Bankshares by 33.5% in the third quarter. AQR Capital Management LLC now owns 5,248 shares of the bank’s stock valued at $310,000 after purchasing an additional 1,318 shares during the period. Hedge funds and other institutional investors own 54.33% of the company’s stock.
Shares of FFIN stock traded up $0.89 during trading hours on Monday, hitting $61.67. 311,492 shares of the company were exchanged, compared to its average volume of 263,049. First Financial Bankshares has a one year low of $44.05 and a one year high of $66.83. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 36.28 and a beta of 1.14.
First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. First Financial Bankshares had a net margin of 39.25% and a return on equity of 14.09%. The business had revenue of $96.48 million for the quarter, compared to analysts’ expectations of $97.34 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that First Financial Bankshares will post 2.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.84 annualized dividend and a yield of 1.36%. First Financial Bankshares’s dividend payout ratio (DPR) is 49.41%.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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