First Financial Bankshares Inc. (FFIN) Raised to “Hold” at Zacks Investment Research
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Separately, Hovde Group cut First Financial Bankshares from a market perform rating to an underperform rating and upped their price objective for the company from $37.50 to $43.00 in a research note on Friday, November 18th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $35.33.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 44.00 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 28.21 and a beta of 1.22. The stock has a 50 day moving average price of $39.21 and a 200 day moving average price of $35.61. 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 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 return on equity of 12.23% and a net margin of 32.69%. During the same period last year, the firm posted $0.40 earnings per share. Analysts predict that First Financial Bankshares will post $1.58 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 13th. First Financial Bankshares’s payout ratio is currently 45.86%.
Institutional investors have recently bought and sold shares of the stock. Rafferty Asset Management LLC bought a new position in First Financial Bankshares during the second quarter valued at approximately $1,677,000. GSA Capital Partners LLP bought a new position in First Financial Bankshares during the second quarter valued at approximately $859,000. Ameriprise Financial Inc. raised its position in First Financial Bankshares by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 319,952 shares of the company’s stock valued at $10,491,000 after buying an additional 11,901 shares during the period. Virginia Retirement Systems ET AL bought a new position in First Financial Bankshares during the second quarter valued at approximately $246,000. Finally, Bbva Compass Bancshares Inc. raised its position in First Financial Bankshares by 97.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,778 shares of the company’s stock valued at $484,000 after buying an additional 7,292 shares during the period. 46.79% 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.
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