First Financial Bankshares (FFIN) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for First Financial Bankshares (NASDAQ: FFIN):

  • 7/20/2021 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 7/19/2021 – 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. “
  • 7/13/2021 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 7/12/2021 – 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. “
  • 7/7/2021 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 6/28/2021 – 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. “
  • 5/27/2021 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 5/25/2021 – 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. “

Shares of FFIN stock traded down $0.87 on Thursday, reaching $47.82. 5,360 shares of the company were exchanged, compared to its average volume of 456,615. The company has a market cap of $6.80 billion, a P/E ratio of 30.65 and a beta of 0.89. The firm has a 50-day moving average of $49.67. First Financial Bankshares, Inc. has a 1 year low of $26.71 and a 1 year high of $52.49.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Wednesday, April 21st. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $127.25 million for the quarter, compared to analyst estimates of $125.18 million. First Financial Bankshares had a net margin of 43.24% and a return on equity of 13.55%. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 1st. Investors of record on Wednesday, June 16th were paid a dividend of $0.15 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, June 15th. First Financial Bankshares’s dividend payout ratio is presently 42.25%.

In other news, CEO F Scott Dueser sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $51.58, for a total value of $1,031,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Denny bought 1,000 shares of First Financial Bankshares stock in a transaction dated Thursday, May 27th. The stock was purchased at an average price of $49.85 per share, with a total value of $49,850.00. Following the purchase, the director now directly owns 5,341 shares in the company, valued at approximately $266,248.85. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 30,932 shares of company stock valued at $1,571,673. Company insiders own 4.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in FFIN. Norges Bank purchased a new position in shares of First Financial Bankshares in the 4th quarter valued at about $48,499,000. Alliancebernstein L.P. grew its holdings in shares of First Financial Bankshares by 26.2% during the first quarter. Alliancebernstein L.P. now owns 2,806,352 shares of the bank’s stock worth $131,141,000 after buying an additional 583,221 shares in the last quarter. BlackRock Inc. grew its holdings in shares of First Financial Bankshares by 3.3% during the first quarter. BlackRock Inc. now owns 16,063,239 shares of the bank’s stock worth $750,637,000 after buying an additional 510,582 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Financial Bankshares by 14.3% during the first quarter. JPMorgan Chase & Co. now owns 2,770,228 shares of the bank’s stock worth $129,453,000 after buying an additional 346,910 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of First Financial Bankshares during the first quarter worth about $10,550,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.

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