First Financial Bankshares (NASDAQ:FFIN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Several other analysts also recently weighed in on FFIN. Zacks Investment Research downgraded First Financial Bankshares from a “hold” rating to a “strong sell” rating in a research report on Monday, March 12th. ValuEngine upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.00.
NASDAQ:FFIN opened at $50.90 on Thursday. First Financial Bankshares has a twelve month low of $37.31 and a twelve month high of $56.35. The firm has a market cap of $3.50 billion, a PE ratio of 29.94 and a beta of 1.25.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, April 19th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. First Financial Bankshares had a return on equity of 12.63% and a net margin of 36.61%. The business had revenue of $89.87 million during the quarter, compared to the consensus estimate of $89.40 million. During the same period last year, the company earned $0.40 earnings per share. equities research analysts predict that First Financial Bankshares will post 2.07 EPS for the current year.
In other news, Director David L. Copeland sold 7,362 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $50.68, for a total transaction of $373,106.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald N. Giddiens sold 1,465 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $53.31, for a total value of $78,099.15. Following the transaction, the director now owns 13,747 shares in the company, valued at approximately $732,852.57. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,203 shares of company stock worth $64,087. Insiders own 4.77% of the company’s stock.
Several institutional investors have recently made changes to their positions in FFIN. Russell Investments Group Ltd. purchased a new position in shares of First Financial Bankshares during the first quarter valued at $204,000. Xact Kapitalforvaltning AB purchased a new position in shares of First Financial Bankshares during the fourth quarter valued at $235,000. Silvant Capital Management LLC purchased a new position in shares of First Financial Bankshares during the first quarter valued at $272,000. Blair William & Co. IL grew its stake in First Financial Bankshares by 20.0% in the first quarter. Blair William & Co. IL now owns 6,143 shares of the bank’s stock valued at $284,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in First Financial Bankshares by 33.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,146 shares of the bank’s stock valued at $412,000 after purchasing an additional 2,278 shares during the last quarter. Hedge funds and other institutional investors own 51.53% of the company’s stock.
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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