First Financial Bankshares, Inc. (NASDAQ:FFIN) has been given a $39.00 target price by analysts at Stephens in a report issued on Wednesday. The brokerage currently has a “hold” rating on the bank’s stock. Stephens’ price objective indicates a potential downside of 9.51% from the company’s current price.

Several other equities research analysts have also weighed in on FFIN. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, July 26th. Piper Jaffray Companies restated a “hold” rating and set a $41.00 price target on shares of First Financial Bankshares in a research report on Friday, July 21st. BidaskClub lowered First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods upgraded First Financial Bankshares from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $37.00 to $38.00 in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. First Financial Bankshares has an average rating of “Hold” and an average price target of $42.00.

Shares of First Financial Bankshares (NASDAQ FFIN) traded up 0.82% during trading on Wednesday, hitting $43.10. The stock had a trading volume of 162,715 shares. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 26.57 and a beta of 1.34. First Financial Bankshares has a 52 week low of $33.41 and a 52 week high of $46.70. The firm has a 50 day moving average price of $42.84 and a 200-day moving average price of $41.48.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The company had revenue of $82.25 million for the quarter, compared to analyst estimates of $87.11 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that First Financial Bankshares will post $1.70 EPS for the current fiscal year.

First Financial Bankshares declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 25th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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In other First Financial Bankshares news, Director David L. Copeland sold 684 shares of First Financial Bankshares stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $38.00, for a total transaction of $25,992.00. Following the completion of the transaction, the director now owns 33,379 shares in the company, valued at $1,268,402. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johnny Trotter acquired 1,000 shares of the stock in a transaction on Thursday, June 1st. The shares were bought at an average price of $38.55 per share, with a total value of $38,550.00. Following the purchase, the director now directly owns 388,938 shares of the company’s stock, valued at approximately $14,993,559.90. The disclosure for this purchase can be found here. Insiders have acquired 1,730 shares of company stock valued at $67,009 in the last quarter. 5.04% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIN. Karp Capital Management Corp bought a new position in shares of First Financial Bankshares during the first quarter worth about $605,000. UBS Asset Management Americas Inc. boosted its position in shares of First Financial Bankshares by 61.3% in the first quarter. UBS Asset Management Americas Inc. now owns 105,103 shares of the bank’s stock worth $4,215,000 after buying an additional 39,923 shares during the last quarter. LS Investment Advisors LLC boosted 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 worth $121,000 after buying an additional 516 shares during the last quarter. Comerica Bank boosted its position in shares of First Financial Bankshares by 4.1% in the first quarter. Comerica Bank now owns 73,355 shares of the bank’s stock worth $3,004,000 after buying an additional 2,922 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of First Financial Bankshares by 34.9% in the first quarter. Bank of New York Mellon Corp now owns 1,127,767 shares of the bank’s stock worth $45,222,000 after buying an additional 291,772 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

First Financial Bankshares Company Profile

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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