BidaskClub upgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a buy rating to a strong-buy rating in a research note published on Saturday.

Several other research firms have also commented on FFIN. Zacks Investment Research upgraded shares of First Financial Bankshares from a hold rating to a buy rating and set a $73.00 price objective for the company in a research note on Friday. Stephens set a $52.00 price objective on shares of First Financial Bankshares and gave the stock a hold rating in a research note on Monday, October 22nd. Finally, Robert W. Baird assumed coverage on shares of First Financial Bankshares in a research note on Tuesday, October 16th. They set a neutral rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $52.29.

NASDAQ FFIN opened at $66.61 on Friday. The company has a market cap of $4.47 billion, a P/E ratio of 39.18 and a beta of 1.14. First Financial Bankshares has a 52 week low of $44.03 and a 52 week high of $66.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $96.48 million during the quarter, compared to analyst estimates of $97.34 million. First Financial Bankshares had a net margin of 39.25% and a return on equity of 14.09%. First Financial Bankshares’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts forecast that First Financial Bankshares will post 2.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, December 13th. First Financial Bankshares’s dividend payout ratio is presently 49.41%.

In related news, Director Johnny Trotter bought 2,000 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were bought at an average price of $55.65 per share, with a total value of $111,300.00. Following the transaction, the director now owns 384,926 shares in the company, valued at $21,421,131.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.77% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co purchased a new stake in First Financial Bankshares during the 3rd quarter worth approximately $201,000. Financial Sense Advisors Inc. purchased a new stake in shares of First Financial Bankshares in the 2nd quarter valued at $204,000. Russell Investments Group Ltd. purchased a new stake in shares of First Financial Bankshares in the 1st quarter valued at $204,000. Partnervest Advisory Services LLC purchased a new stake in shares of First Financial Bankshares in the 3rd quarter valued at $204,000. Finally, LPL Financial LLC purchased a new stake in shares of First Financial Bankshares in the 3rd quarter valued at $207,000. 54.18% of the stock is currently owned by institutional investors.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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