First Financial Bankshares Inc (NASDAQ:FFIN) – SunTrust Banks boosted their Q1 2018 EPS estimates for shares of First Financial Bankshares in a report issued on Monday, Zacks Investment Research reports. SunTrust Banks analyst J. Demba now anticipates that the bank will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.42. SunTrust Banks currently has a “Hold” rating and a $48.00 price objective on the stock. SunTrust Banks also issued estimates for First Financial Bankshares’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.57 EPS.
Several other equities research analysts have also recently commented on FFIN. Sandler O’Neill reissued a “sell” rating and issued a $40.00 price target on shares of First Financial Bankshares in a research note on Friday, January 26th. Hovde Group set a $46.00 price target on First Financial Bankshares and gave the company a “hold” rating in a research note on Monday. BidaskClub raised First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price target on shares of First Financial Bankshares in a research note on Friday, October 20th. 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. The stock currently has an average rating of “Hold” and an average price target of $44.14.
First Financial Bankshares (NASDAQ:FFIN) traded down $0.25 during trading hours on Tuesday, reaching $46.70. The company’s stock had a trading volume of 279,458 shares, compared to its average volume of 244,476. The stock has a market cap of $3,077.80 and a PE ratio of 25.80. First Financial Bankshares has a 52 week low of $36.85 and a 52 week high of $48.85.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 25th. The bank reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%. The business had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $90.40 million.
Several hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of 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 buying an additional 225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Financial Bankshares by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock worth $102,000 after buying an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of First Financial Bankshares by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 49,887 shares of the bank’s stock worth $2,206,000 after buying an additional 361 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of First Financial Bankshares by 3.8% during the second quarter. Profund Advisors LLC now owns 14,453 shares of the bank’s stock worth $639,000 after buying an additional 533 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of First Financial Bankshares by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 198,871 shares of the bank’s stock worth $8,790,000 after buying an additional 599 shares during the last quarter. Institutional investors own 51.40% of the company’s stock.
In related news, Director David L. Copeland sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total value of $62,271.36. Following the completion of the sale, the director now directly owns 33,379 shares in the company, valued at approximately $1,519,412.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Beal sold 15,973 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $47.37, for a total value of $756,641.01. Following the transaction, the director now owns 1,465 shares of the company’s stock, valued at $69,397.05. The disclosure for this sale can be found here. 5.04% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.76 annualized dividend and a yield of 1.63%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 41.99%.
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First Financial Bankshares Company Profile
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.
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