First Financial Bankshares Inc. (FFIN) Upgraded to Hold by Zacks Investment Research
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Separately, Hovde Group lowered shares of First Financial Bankshares from a market perform rating to an underperform rating and raised their price target for the company from $37.50 to $43.00 in a research report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. First Financial Bankshares presently has a consensus rating of Hold and an average price target of $35.33.
First Financial Bankshares (NASDAQ:FFIN) opened at 45.55 on Friday. The company’s 50-day moving average is $38.98 and its 200 day moving average is $35.45. The company has a market capitalization of $2.99 billion, a P/E ratio of 29.20 and a beta of 1.22. First Financial Bankshares has a one year low of $24.12 and a one year high of $46.70.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. First Financial Bankshares had a net margin of 32.69% and a return on equity of 12.23%. During the same quarter last year, the business posted $0.40 EPS. On average, equities analysts anticipate that First Financial Bankshares will post $1.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, December 13th. First Financial Bankshares’s dividend payout ratio is currently 45.86%.
Several institutional investors have recently bought and sold shares of FFIN. State Street Corp increased its position in First Financial Bankshares by 3.6% in the first quarter. State Street Corp now owns 1,598,676 shares of the company’s stock valued at $47,286,000 after buying an additional 56,223 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in First Financial Bankshares by 119.3% in the first quarter. UBS Asset Management Americas Inc. now owns 83,719 shares of the company’s stock valued at $2,476,000 after buying an additional 45,545 shares in the last quarter. Geode Capital Management LLC increased its position in First Financial Bankshares by 8.5% in the first quarter. Geode Capital Management LLC now owns 466,925 shares of the company’s stock valued at $13,811,000 after buying an additional 36,515 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in First Financial Bankshares by 113.1% in the second quarter. BNP Paribas Arbitrage SA now owns 20,589 shares of the company’s stock valued at $675,000 after buying an additional 10,927 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in First Financial Bankshares by 460.3% in the second quarter. NEXT Financial Group Inc now owns 3,412 shares of the company’s stock valued at $111,000 after buying an additional 2,803 shares in the last quarter. 46.79% of the stock is currently owned by hedge funds and other 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.
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