First Financial Bankshares Inc (NASDAQ:FFIN) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $44.33.
Several research firms recently commented on FFIN. Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. SunTrust Banks restated a “hold” rating and set a $48.00 price target on shares of First Financial Bankshares in a research report on Tuesday. BidaskClub lowered shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 price target on shares of First Financial Bankshares in a research report on Tuesday, October 3rd.
In related news, Director David L. Copeland sold 1,368 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total transaction of $62,271.36. Following the sale, the director now owns 33,379 shares in the company, valued at $1,519,412.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.40% of the stock is currently owned by company insiders.
First Financial Bankshares (NASDAQ:FFIN) traded up $0.15 during trading hours on Friday, hitting $47.85. 159,311 shares of the stock were exchanged, compared to its average volume of 255,078. The firm has a market capitalization of $3,090.00, a price-to-earnings ratio of 28.65 and a beta of 1.40. First Financial Bankshares has a 1 year low of $36.85 and a 1 year high of $48.85.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $83.95 million for the quarter, compared to analyst estimates of $89.87 million. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. analysts predict that First Financial Bankshares will post 1.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 1.59%. First Financial Bankshares’s dividend payout ratio is presently 45.51%.
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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