First Financial Bankshares, Inc. (NASDAQ:FFIN) Receives $36.75 Consensus PT from Brokerages

First Financial Bankshares, Inc. (NASDAQ:FFIN) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $36.75.

A number of equities analysts recently commented on FFIN shares. Weiss Ratings raised First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a report on Wednesday, July 15th. Finally, Benchmark assumed coverage on shares of First Financial Bankshares in a report on Wednesday, June 24th. They issued a “buy” rating and a $39.00 target price for the company.

Insider Activity

In other news, CAO Ronald David Butler II sold 15,000 shares of First Financial Bankshares stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.95, for a total value of $524,250.00. Following the completion of the transaction, the chief accounting officer owned 152,223 shares in the company, valued at approximately $5,320,193.85. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Murray Hamilton Edwards purchased 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $33.18 per share, with a total value of $33,180.00. Following the completion of the transaction, the director owned 44,634 shares of the company’s stock, valued at $1,480,956.12. The trade was a 2.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On First Financial Bankshares

A number of large investors have recently made changes to their positions in FFIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in First Financial Bankshares by 4.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 252,656 shares of the bank’s stock worth $8,742,000 after purchasing an additional 10,244 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of First Financial Bankshares during the second quarter valued at approximately $1,466,000. GAMMA Investing LLC grew its stake in shares of First Financial Bankshares by 38.9% during the second quarter. GAMMA Investing LLC now owns 4,909 shares of the bank’s stock valued at $170,000 after buying an additional 1,375 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of First Financial Bankshares during the second quarter valued at approximately $87,000. Finally, Versant Capital Management Inc grew its stake in shares of First Financial Bankshares by 8.4% during the second quarter. Versant Capital Management Inc now owns 3,824 shares of the bank’s stock valued at $132,000 after buying an additional 295 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $34.12 on Thursday. The company has a market cap of $4.89 billion, a P/E ratio of 18.25 and a beta of 0.81. First Financial Bankshares has a 52-week low of $28.11 and a 52-week high of $38.12. The firm’s fifty day moving average is $34.56 and its two-hundred day moving average is $32.67.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. The business had revenue of $172.76 million during the quarter, compared to the consensus estimate of $173.03 million. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts forecast that First Financial Bankshares will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.