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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 Friday, Analyst Ratings News reports. The firm currently has a $56.00 target price on the stock. Macquarie’s price target would suggest a potential downside of 3.81% from the company’s current price.

First Financial Bankshares (NASDAQ:FFIN) traded up 0.09% on Friday, hitting $58.22. The stock had a trading volume of 113,117 shares. First Financial Bankshares has a 1-year low of $53.69 and a 1-year high of $67.52. The stock has a 50-day moving average of $59.53 and a 200-day moving average of $61.9. The company has a market cap of $3.697 billion and a P/E ratio of 28.17.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.04. During the same quarter last year, the company posted $0.59 earnings per share. Analysts expect that First Financial Bankshares will post $2.86 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 0.96%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.13.

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 company currently has a consensus rating of “Hold” and a consensus 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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