Recent Analysts’ Ratings Changes for First Financial Bankshares (FFIN)

A number of firms have modified their ratings and price targets on shares of First Financial Bankshares (NASDAQ: FFIN) recently:

  • 8/2/2017 – First Financial Bankshares was given a new $39.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 7/26/2017 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 7/21/2017 – First Financial Bankshares had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $41.00 price target on the stock.
  • 7/19/2017 – First Financial Bankshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/23/2017 – First Financial Bankshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
  • 6/22/2017 – 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. “
  • 6/10/2017 – First Financial Bankshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) opened at 42.50 on Wednesday. The firm has a market cap of $2.79 billion, a P/E ratio of 26.20 and a beta of 1.34. First Financial Bankshares, Inc. has a 12-month low of $34.17 and a 12-month high of $46.70. The company’s 50 day moving average price is $42.94 and its 200 day moving average price is $41.52.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The firm had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $87.11 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that First Financial Bankshares, Inc. will post $1.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.79%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.91%.

In other news, Director David L. Copeland sold 684 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $38.00, for a total transaction of $25,992.00. Following the transaction, the director now directly owns 33,379 shares of the company’s stock, valued at $1,268,402. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johnny Trotter acquired 1,000 shares of First Financial Bankshares stock in a transaction dated Thursday, June 1st. The shares were bought at an average cost of $38.55 per share, for a total transaction of $38,550.00. Following the completion of the purchase, the director now directly owns 388,938 shares of the company’s stock, valued at approximately $14,993,559.90. The disclosure for this purchase can be found here. Insiders have bought 1,730 shares of company stock worth $67,009 over the last ninety days. Insiders own 5.40% of the company’s stock.

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

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