First Financial Bankshares Inc. (FFIN) Hits New 12-Month High at $36.70
First Financial Bankshares Inc. (NASDAQ:FFIN)’s share price reached a new 52-week high on Monday . The stock traded as high as $36.70 and last traded at $36.60, with a volume of 75,150 shares changing hands. The stock had previously closed at $36.00.
Separately, Zacks Investment Research raised First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.83.
The firm has a market cap of $2.38 billion and a P/E ratio of 23.32. The company’s 50-day moving average is $34.78 and its 200 day moving average is $31.59.
First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. On average, analysts expect that First Financial Bankshares Inc. will post $1.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, September 13th.
An institutional investor recently raised its position in First Financial Bankshares stock. New York State Common Retirement Fund boosted its stake in shares of First Financial Bankshares Inc. (NASDAQ:FFIN) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,700 shares of the company’s stock after buying an additional 3,200 shares during the period. New York State Common Retirement Fund owned 0.12% of First Financial Bankshares worth $2,314,000 as of its most recent SEC filing.
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.
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