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First Financial Bankshares (NASDAQ:FFIN) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $56.00 price target on the stock. Macquarie’s target price points to a potential downside of 7.27% from the company’s current price.

Shares of First Financial Bankshares (NASDAQ:FFIN) traded up 2.06% during mid-day trading on Tuesday, hitting $60.39. 226,424 shares of the company’s stock traded hands. First Financial Bankshares has a 52 week low of $47.33 and a 52 week high of $67.52. The stock’s 50-day moving average is $61.2 and its 200-day moving average is $62.10. The company has a market cap of $1.933 billion and a P/E ratio of 22.93.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings data on Thursday, April 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts expect that First Financial Bankshares will post $2.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%.

Separately, analysts at Sterne Agee upgraded shares of First Financial Bankshares from an “underperform” rating to a “neutral” rating in a research note on Monday, February 24th. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $55.28.

First Financial Bankshares, Inc is a financial holding company. Through the Company’s subsidiary banks, it conducts a full-service commercial banking business.

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