Hovde Group set a $46.00 price objective on First Financial Bankshares (NASDAQ:FFIN) in a report released on Monday. The brokerage currently has a hold rating on the bank’s stock.
A number of other analysts have also commented on FFIN. Sandler O’Neill reissued a sell rating and issued a $40.00 price objective on shares of First Financial Bankshares in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $39.00 price target on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. BidaskClub raised shares of First Financial Bankshares from a sell rating to a hold rating in a research report on Thursday, January 18th. Zacks Investment Research raised shares of First Financial Bankshares from a hold rating to a strong-buy rating and set a $53.00 price target on the stock in a research report on Wednesday, January 10th. Finally, SunTrust Banks reaffirmed a hold rating and set a $48.00 price target on shares of First Financial Bankshares in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the stock. First Financial Bankshares has a consensus rating of Hold and an average price target of $44.14.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at $47.30 on Monday. The company has a market cap of $3,100.99, a price-to-earnings ratio of 26.13 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 announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The business had revenue of $83.20 million during the quarter, compared to the consensus estimate of $90.40 million. First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. equities analysts anticipate that First Financial Bankshares will post 2.14 earnings per share for the current fiscal year.
In other First Financial Bankshares news, Director David L. Copeland sold 1,368 shares of the company’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 directly owns 33,379 shares of the company’s stock, valued at $1,519,412.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FFIN. Riverhead Capital Management LLC raised its position in First Financial Bankshares by 63.3% during the second quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock worth $159,000 after acquiring an additional 1,393 shares in the last quarter. Milestone Group Inc. bought a new stake in First Financial Bankshares during the third quarter worth $201,000. Shelton Capital Management bought a new stake in First Financial Bankshares during the second quarter worth $290,000. Amalgamated Bank raised its position in First Financial Bankshares by 2.6% during the second quarter. Amalgamated Bank now owns 8,768 shares of the bank’s stock worth $388,000 after acquiring an additional 225 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of First Financial Bankshares in the third quarter valued at $390,000. 51.40% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This story was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/01/30/first-financial-bankshares-ffin-given-a-46-00-price-target-by-hovde-group-analysts.html.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. 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, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.
Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.