First Financial Bankshares (FFIN) Stock Rating Reaffirmed by Stephens
Stephens reiterated their neutral rating on shares of First Financial Bankshares (NASDAQ:FFIN) in a research note published on Monday, AnalystRatings.com reports. They currently have a $57.00 price objective on the bank’s stock.
“We view operating EPS as $0.57 (ex pension plan settlement), above consensus forecasts of $0.56. PPNR of $47.5 million was below consensus forecast of $48.4 million but was offset by an LLP expense beat of $600K due to credit improvement. Our rating is Equal-Weight.”,” Stephens’ analyst commented.
Several other equities research analysts have also recently commented on the company. BidaskClub upgraded First Financial Bankshares from a sell rating to a hold rating in a research note on Tuesday, April 9th. Zacks Investment Research cut First Financial Bankshares from a buy rating to a hold rating in a research note on Friday, January 4th.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. First Financial Bankshares had a return on equity of 15.03% and a net margin of 38.47%. The business had revenue of $95.77 million for the quarter, compared to analysts’ expectations of $96.90 million. During the same quarter in the previous year, the business posted $0.51 EPS. On average, analysts forecast that First Financial Bankshares will post 2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, June 14th. First Financial Bankshares’s payout ratio is 38.53%.
In other news, Director Johnny Trotter bought 5,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $60.49 per share, for a total transaction of $302,450.00. Following the purchase, the director now owns 389,926 shares of the company’s stock, valued at approximately $23,586,623.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its stake in First Financial Bankshares by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 6,569,285 shares of the bank’s stock valued at $388,245,000 after acquiring an additional 138,088 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Financial Bankshares by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,569,285 shares of the bank’s stock worth $388,245,000 after purchasing an additional 138,088 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of First Financial Bankshares by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,564,795 shares of the bank’s stock worth $90,274,000 after purchasing an additional 42,710 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of First Financial Bankshares during the 4th quarter worth approximately $26,000. Finally, Dimensional Fund Advisors LP increased its position in shares of First Financial Bankshares by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,230,481 shares of the bank’s stock worth $70,986,000 after purchasing an additional 13,808 shares during the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.
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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