First Financial Bankshares Inc. (FFIN) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Separately, Hovde Group lowered First Financial Bankshares from a market perform rating to an underperform rating and lifted their price target for the stock from $37.50 to $43.00 in a research report on Friday, November 18th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. First Financial Bankshares presently has an average rating of Hold and a consensus price target of $38.67.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 43.05 on Friday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 27.60 and a beta of 1.22. First Financial Bankshares has a one year low of $24.12 and a one year high of $46.70. The stock has a 50 day moving average of $39.21 and a 200-day moving average of $35.61.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. First Financial Bankshares had a return on equity of 12.23% and a net margin of 32.69%. During the same period in the previous year, the business posted $0.40 earnings per share. Equities analysts forecast that First Financial Bankshares will post $1.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 13th. First Financial Bankshares’s dividend payout ratio (DPR) is 45.86%.
A number of institutional investors have recently modified their holdings of FFIN. The Manufacturers Life Insurance Company acquired a new position in shares of First Financial Bankshares during the third quarter worth $1,574,000. KCG Holdings Inc. purchased a new stake in First Financial Bankshares during the third quarter worth about $368,000. Citadel Advisors LLC purchased a new stake in First Financial Bankshares during the third quarter worth about $492,000. Profund Advisors LLC increased its stake in First Financial Bankshares by 19.6% in the third quarter. Profund Advisors LLC now owns 11,958 shares of the company’s stock worth $436,000 after buying an additional 1,956 shares in the last quarter. Finally, BOKF NA increased its stake in First Financial Bankshares by 5.7% in the third quarter. BOKF NA now owns 11,040 shares of the company’s stock worth $402,000 after buying an additional 599 shares in the last quarter. 46.79% of the stock is owned by institutional investors and hedge funds.
About First Financial Bankshares
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Financial Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.