First Financial Bankshares Inc. (FFIN) Sets New 12-Month High at $36.70
First Financial Bankshares Inc. (NASDAQ:FFIN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.70 and last traded at $36.60, with a volume of 75,150 shares traded. The stock had previously closed at $36.00.
Separately, Zacks Investment Research upgraded shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. First Financial Bankshares presently has an average rating of “Hold” and a consensus target price of $31.83.
The firm has a 50-day moving average of $34.96 and a 200 day moving average of $31.83. The company has a market capitalization of $2.40 billion and a P/E ratio of 23.51.
First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, July 21st. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. On average, equities research analysts forecast that First Financial Bankshares Inc. will post $1.60 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.96%.
A hedge fund recently raised its stake in First Financial Bankshares stock. Principal Financial Group Inc. raised its stake in First Financial Bankshares Inc. (NASDAQ:FFIN) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,780 shares of the company’s stock after buying an additional 29,318 shares during the period. Principal Financial Group Inc. owned about 0.68% of First Financial Bankshares worth $13,449,000 as of its most recent filing with the SEC.
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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