First Financial Bankshares Inc. (FFIN) Sees Strong Trading Volume
Shares of First Financial Bankshares Inc. (NASDAQ:FFIN) saw an uptick in trading volume on Wednesday . 242,807 shares were traded during mid-day trading, an increase of 114% from the previous session’s volume of 113,440 shares.The stock last traded at $36.62 and had previously closed at $36.67.
Separately, Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “sell” rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. First Financial Bankshares currently has a consensus rating of “Hold” and a consensus target price of $31.83.
The stock has a market cap of $2.40 billion and a PE ratio of 23.47. The company’s 50 day moving average is $35.03 and its 200 day moving average is $31.86.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Analysts anticipate that First Financial Bankshares Inc. will post $1.60 earnings per share for the current fiscal 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. This represents a $0.72 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, September 13th.
A hedge fund recently raised its stake in First Financial Bankshares stock. Principal Financial Group Inc. increased its stake in First Financial Bankshares Inc. (NASDAQ:FFIN) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent 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.