Investment Analysts’ Weekly Ratings Updates for First Financial Bankshares (FFIN)

Several analysts have recently updated their ratings and price targets for First Financial Bankshares (NASDAQ: FFIN):

  • 11/30/2018 – First Financial Bankshares was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 11/29/2018 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 11/28/2018 – First Financial Bankshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 11/19/2018 – First Financial Bankshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 11/17/2018 – First Financial Bankshares was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 11/16/2018 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 11/6/2018 – First Financial Bankshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 11/1/2018 – First Financial Bankshares was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/24/2018 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 10/23/2018 – First Financial Bankshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 10/22/2018 – First Financial Bankshares was given a new $52.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 10/16/2018 – First Financial Bankshares is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $60.00 price target on the stock.

Shares of NASDAQ FFIN opened at $64.87 on Friday. The stock has a market cap of $4.49 billion, a PE ratio of 38.16 and a beta of 1.14. First Financial Bankshares Inc has a 1 year low of $44.05 and a 1 year high of $66.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, October 18th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $96.48 million for the quarter, compared to analysts’ expectations of $97.34 million. First Financial Bankshares had a net margin of 39.25% and a return on equity of 14.09%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. Sell-side analysts anticipate that First Financial Bankshares Inc will post 2.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 13th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 49.41%.

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

Several institutional investors have recently made changes to their positions in FFIN. BlackRock Inc. boosted its stake in shares of First Financial Bankshares by 9.8% in the 2nd quarter. BlackRock Inc. now owns 9,432,736 shares of the bank’s stock valued at $480,129,000 after purchasing an additional 841,729 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of First Financial Bankshares by 445.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 191,663 shares of the bank’s stock worth $11,327,000 after acquiring an additional 156,527 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Financial Bankshares by 337.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 184,439 shares of the bank’s stock worth $9,388,000 after acquiring an additional 142,307 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of First Financial Bankshares by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,569,285 shares of the bank’s stock worth $388,245,000 after acquiring an additional 138,088 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of First Financial Bankshares by 5.6% in the 2nd quarter. Northern Trust Corp now owns 859,020 shares of the bank’s stock worth $43,726,000 after acquiring an additional 45,374 shares in the last quarter. 54.18% of the stock is owned by institutional investors.

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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