First Financial Bankshares Inc. (FFIN) Shares Gap Up to $33.38
First Financial Bankshares Inc. (NASDAQ:FFIN) gapped up before the market opened on Tuesday . The stock had previously closed at $33.08, but opened at $33.38. First Financial Bankshares shares last traded at $34.37, with a volume of 63,033 shares trading hands.
FFIN has been the subject of several analyst reports. TheStreet raised First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Wednesday, April 6th. Zacks Investment Research raised First Financial Bankshares from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a report on Monday, June 27th. Finally, Hovde Group increased their price objective on First Financial Bankshares from $27.50 to $32.50 and gave the company a “market perform” rating in a report on Monday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.20.
The company has a market cap of $2.25 billion and a PE ratio of 22.00. The company has a 50-day moving average of $32.77 and a 200-day moving average of $29.87.
First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, April 21st. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. During the same quarter in the previous year, the business earned $0.37 EPS. Analysts expect that First Financial Bankshares Inc. will post $1.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 16th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.16.
In other First Financial Bankshares news, Director Ross Henry Smith, Jr. acquired 1,000 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were purchased at an average cost of $32.45 per share, for a total transaction of $32,450.00. Following the completion of the purchase, the director now owns 22,473 shares in the company, valued at $729,248.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
A number of large investors have recently made changes to their positions in FFIN. First Trust Advisors LP boosted its position in First Financial Bankshares by 48.0% in the fourth quarter. First Trust Advisors LP now owns 116,584 shares of the company’s stock worth $3,517,000 after buying an additional 37,824 shares in the last quarter. Wells Fargo & Company MN boosted its position in First Financial Bankshares by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 33,820 shares of the company’s stock worth $1,021,000 after buying an additional 2,989 shares in the last quarter. Rhumbline Advisers boosted its position in First Financial Bankshares by 3.3% in the fourth quarter. Rhumbline Advisers now owns 114,956 shares of the company’s stock worth $3,468,000 after buying an additional 3,710 shares in the last quarter. California State Teachers Retirement System boosted its position in First Financial Bankshares by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 118,870 shares of the company’s stock worth $3,586,000 after buying an additional 1,921 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in First Financial Bankshares by 12.6% in the fourth quarter. California Public Employees Retirement System now owns 167,600 shares of the company’s stock worth $5,056,000 after buying an additional 18,700 shares in the last quarter.
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.