First Financial Bankshares Inc (FFIN) Receives Average Rating of “Hold” from Analysts

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.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of First Financial Bankshares by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,827,897 shares of the bank’s stock valued at $257,594,000 after purchasing an additional 77,503 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of First Financial Bankshares by 37.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,396,940 shares of the bank’s stock valued at $63,142,000 after purchasing an additional 383,924 shares during the period. Dimensional Fund Advisors LP grew its position in shares of First Financial Bankshares by 5.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,138,840 shares of the bank’s stock valued at $51,475,000 after purchasing an additional 60,011 shares during the period. Northern Trust Corp grew its position in shares of First Financial Bankshares by 2.6% in the second quarter. Northern Trust Corp now owns 827,438 shares of the bank’s stock valued at $36,573,000 after purchasing an additional 20,741 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of First Financial Bankshares by 63.8% in the third quarter. Wells Fargo & Company MN now owns 361,052 shares of the bank’s stock valued at $16,320,000 after purchasing an additional 140,635 shares during the period. Institutional investors own 51.37% of the company’s stock.

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%.

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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.

Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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