Shares of First Financial Bankshares Inc (NASDAQ:FFIN) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $48.83.
A number of equities research analysts have recently commented on the company. BidaskClub raised First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, October 24th. Stephens set a $52.00 target price on First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Robert W. Baird assumed coverage on First Financial Bankshares in a research report on Tuesday, October 16th. They set a “neutral” rating and a $60.00 price objective on the stock.
NASDAQ FFIN opened at $63.79 on Thursday. First Financial Bankshares has a 12 month low of $43.05 and a 12 month high of $64.15. The firm has a market capitalization of $4.32 billion, a PE ratio of 31.61 and a beta of 1.14.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $96.48 million for the quarter, compared to analysts’ expectations of $97.34 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that First Financial Bankshares will post 2.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.41%.
In other First Financial Bankshares news, Director Johnny Trotter acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were bought at an average cost of $55.65 per share, with a total value of $111,300.00. Following the completion of the transaction, the director now directly owns 384,926 shares of the company’s stock, valued at approximately $21,421,131.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.77% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in shares of First Financial Bankshares during the first quarter valued at $204,000. Financial Sense Advisors Inc. purchased a new position in First Financial Bankshares in the second quarter worth about $204,000. Partnervest Advisory Services LLC purchased a new position in First Financial Bankshares in the third quarter worth about $204,000. Lodestar Investment Counsel LLC IL purchased a new position in First Financial Bankshares in the second quarter worth about $205,000. Finally, Parametrica Management Ltd purchased a new position in First Financial Bankshares in the third quarter worth about $224,000. 53.81% of the stock is currently owned by institutional investors.
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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