First Financial Bankshares Stock Rating Upgraded by Sterne Agee (FFIN)
First Financial Bankshares (NASDAQ:FFIN) was upgraded by Sterne Agee from an “underperform” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $57.00 price objective on the stock. Sterne Agee’s target price would suggest a potential downside of 2.16% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 58.26 on Monday. First Financial Bankshares has a 52 week low of $43.00 and a 52 week high of $67.52. The stock’s 50-day moving average is $62.27 and its 200-day moving average is $61.29. The company has a market cap of $1.863 billion and a P/E ratio of 23.59.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.03. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, analysts predict that First Financial Bankshares will post $2.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, March 12th.
First Financial Bankshares, Inc is a financial holding company. Through the Company’s subsidiary banks, it conducts a full-service commercial banking business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.