First Financial Bankshares Inc. (NASDAQ:FFIN) was downgraded by research analysts at Hovde Group from a “market perform” rating to an “underperform” rating in a report released on Friday. They currently have a $43.00 target price on the stock, up from their prior target price of $37.50. Hovde Group’s price objective indicates a potential downside of 4.02% from the company’s previous close.

Separately, Zacks Investment Research raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.33.

Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 44.80 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of 28.72 and a beta of 1.22. The stock’s 50 day moving average price is $38.18 and its 200-day moving average price is $35.17. First Financial Bankshares has a 12 month low of $24.12 and a 12 month high of $46.70.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. First Financial Bankshares had a return on equity of 12.23% and a net margin of 32.69%. During the same quarter in the prior year, the firm posted $0.40 EPS. Equities research analysts anticipate that First Financial Bankshares will post $1.58 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of First Financial Bankshares by 77.3% in the second quarter. Victory Capital Management Inc. now owns 3,135 shares of the company’s stock worth $103,000 after buying an additional 1,367 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of First Financial Bankshares by 460.3% in the second quarter. NEXT Financial Group Inc now owns 3,412 shares of the company’s stock worth $111,000 after buying an additional 2,803 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of First Financial Bankshares by 257.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,590 shares of the company’s stock worth $118,000 after buying an additional 2,587 shares in the last quarter. BlackRock Inc. raised its stake in shares of First Financial Bankshares by 124.8% in the first quarter. BlackRock Inc. now owns 4,291 shares of the company’s stock worth $126,000 after buying an additional 2,382 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of First Financial Bankshares by 38.7% in the second quarter. Strs Ohio now owns 4,300 shares of the company’s stock worth $140,000 after buying an additional 1,200 shares in the last quarter. 46.99% of the stock is owned by institutional investors.

About First Financial Bankshares

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.

5 Day Chart for NASDAQ:FFIN

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