First Financial Bankshares (NASDAQ:FFIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Several other equities analysts also recently commented on the company. BidaskClub upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Stephens set a $52.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Robert W. Baird assumed coverage on First Financial Bankshares in a research note on Tuesday, October 16th. They issued a “neutral” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.71.
First Financial Bankshares stock traded up $0.51 during trading on Tuesday, hitting $62.44. The stock had a trading volume of 215,089 shares, compared to its average volume of 221,579. First Financial Bankshares has a 1 year low of $43.05 and a 1 year high of $62.57. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 36.73 and a beta of 1.14.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. First Financial Bankshares had a return on equity of 14.09% and a net margin of 39.25%. The business had revenue of $96.48 million for the quarter, compared to the consensus estimate of $97.34 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. First Financial Bankshares’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts anticipate that First Financial Bankshares will post 2.18 earnings per share for the current year.
In other First Financial Bankshares news, Director Johnny Trotter bought 2,000 shares of the stock in a transaction on Tuesday, October 23rd. The shares were acquired at an average price of $55.65 per share, with a total value of $111,300.00. Following the acquisition, the director now directly owns 384,926 shares of the company’s stock, valued at approximately $21,421,131.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.77% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Partnervest Advisory Services LLC bought a new stake in First Financial Bankshares during the 3rd quarter valued at $204,000. Parametrica Management Ltd bought a new stake in First Financial Bankshares during the 3rd quarter valued at $224,000. Financial Sense Advisors Inc. bought a new position in shares of First Financial Bankshares in the second quarter worth $204,000. Lodestar Investment Counsel LLC IL bought a new position in shares of First Financial Bankshares in the second quarter worth $205,000. Finally, Russell Investments Group Ltd. bought a new position in shares of First Financial Bankshares in the first quarter worth $204,000. 53.81% of the stock is currently owned by institutional investors and hedge funds.
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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