First Financial Bankshares Inc (NASDAQ:FFIN) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of First Financial Bankshares in a research note issued on Tuesday. SunTrust Banks analyst J. Demba anticipates that the bank will post earnings of $0.52 per share for the quarter. SunTrust Banks has a “Hold” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for First Financial Bankshares’ Q3 2019 earnings at $0.58 EPS and Q4 2019 earnings at $0.58 EPS.
Other research analysts have also recently issued reports about the stock. Sandler O’Neill reaffirmed a “sell” rating and set a $40.00 price target on shares of First Financial Bankshares in a research report on Friday, January 26th. Hovde Group set a $46.00 price target on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Monday, January 29th. BidaskClub lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective 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 assigned a strong buy rating to the company. First Financial Bankshares presently has an average rating of “Hold” and a consensus target price of $44.14.
Shares of First Financial Bankshares (NASDAQ FFIN) traded down $0.25 during mid-day trading on Thursday, reaching $46.70. 279,458 shares of the company’s stock were exchanged, compared to its average volume of 236,527. The firm has a market capitalization of $3,110.93, a PE ratio of 25.80 and a beta of 1.37. 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 results on Thursday, January 25th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $90.40 million. First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. First Financial Bankshares’s dividend payout ratio is currently 41.99%.
In other news, Director Steven L. Beal sold 15,973 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total transaction of $756,641.01. Following the sale, the director now owns 1,465 shares in the company, valued at $69,397.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Copeland sold 1,368 shares of First Financial Bankshares stock in a transaction that occurred 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 approximately $1,519,412.08. The disclosure for this sale can be found here. Company insiders own 5.04% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Milestone Group Inc. bought a new stake in shares of First Financial Bankshares in the third quarter worth $201,000. CIBC Asset Management Inc bought a new stake in shares of First Financial Bankshares in the fourth quarter worth $233,000. Shelton Capital Management bought a new stake in shares of First Financial Bankshares in the second quarter worth $290,000. Amalgamated Bank increased its stake in shares of First Financial Bankshares by 2.6% in 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. Finally, FDx Advisors Inc. bought a new stake in shares of First Financial Bankshares in the third quarter worth $390,000. Institutional investors own 51.40% of the company’s stock.
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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. 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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