First Financial Bankshares, Inc. (NASDAQ:FFIN) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 7,214,524 shares, a decline of 13.0% from the May 15th total of 8,294,256 shares. Based on an average daily trading volume, of 157,312 shares, the short-interest ratio is presently 45.9 days. Approximately 13.8% of the company’s shares are sold short.

Several equities analysts have weighed in on FFIN shares. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, April 26th. BidaskClub raised First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Stephens reaffirmed a “hold” rating on shares of First Financial Bankshares in a research note on Monday, April 24th. Hovde Group raised First Financial Bankshares from an “underperform” rating to a “market perform” rating and set a $43.00 price target for the company in a research note on Wednesday, March 22nd. Finally, Keefe, Bruyette & Woods raised First Financial Bankshares from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $37.00 to $38.00 in a research note on Friday, April 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.33.

First Financial Bankshares (FFIN) traded down 0.92% during midday trading on Friday, reaching $42.85. The company had a trading volume of 155,213 shares. The company has a market cap of $2.83 billion, a PE ratio of 26.78 and a beta of 1.35. The company’s 50-day moving average is $40.39 and its 200 day moving average is $41.73. First Financial Bankshares has a 52-week low of $33.29 and a 52-week high of $46.70.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. First Financial Bankshares had a return on equity of 12.32% and a net margin of 33.09%. The business had revenue of $78.30 million during the quarter, compared to analyst estimates of $83.55 million. During the same period in the prior year, the company earned $0.39 earnings per share. First Financial Bankshares’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that First Financial Bankshares will post $1.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 16th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.77%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 14th. First Financial Bankshares’s dividend payout ratio is 47.50%.

In other First Financial Bankshares news, Director Johnny Trotter bought 1,500 shares of the stock in a transaction on Friday, April 28th. The shares were bought at an average price of $40.36 per share, with a total value of $60,540.00. Following the purchase, the director now directly owns 387,588 shares in the company, valued at approximately $15,643,051.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David L. Copeland sold 684 shares of First Financial Bankshares stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $38.00, for a total value of $25,992.00. Following the transaction, the director now directly owns 33,379 shares in the company, valued at approximately $1,268,402. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,230 shares of company stock worth $127,549. Corporate insiders own 5.04% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its position in shares of First Financial Bankshares by 20.6% in the first quarter. LS Investment Advisors LLC now owns 3,020 shares of the bank’s stock valued at $121,000 after buying an additional 516 shares during the period. Victory Capital Management Inc. raised its position in shares of First Financial Bankshares by 26.8% in the first quarter. Victory Capital Management Inc. now owns 3,520 shares of the bank’s stock valued at $141,000 after buying an additional 743 shares during the period. Elkfork Partners LLC acquired a new stake in shares of First Financial Bankshares during the fourth quarter worth about $182,000. Bank of Montreal Can increased its stake in shares of First Financial Bankshares by 9.0% in the first quarter. Bank of Montreal Can now owns 5,151 shares of the bank’s stock worth $207,000 after buying an additional 426 shares during the period. Finally, Miles Capital Inc. acquired a new stake in shares of First Financial Bankshares during the fourth quarter worth about $210,000. 49.88% of the stock is owned by institutional investors and hedge funds.

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About First Financial Bankshares

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.

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