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Analysts at Drexel Hamilton initiated coverage on shares of First Financial Bankshares (NASDAQ:FFIN) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 30.12 on Wednesday. First Financial Bankshares has a 52 week low of $28.255 and a 52 week high of $33.76. The stock has a 50-day moving average of $29.86 and a 200-day moving average of $30.22. The company has a market cap of $1.913 billion and a P/E ratio of 22.67.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, July 17th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. During the same quarter last year, the company posted $0.62 earnings per share. Analysts expect that First Financial Bankshares will post $1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, September 11th.

A number of other analysts have also recently weighed in on FFIN. Analysts at Macquarie reiterated a “neutral” rating on shares of First Financial Bankshares in a research note on Friday, July 18th. They now have a $29.00 price target on the stock, up previously from $28.00. Analysts at Keefe, Bruyette & Woods raised their price target on shares of First Financial Bankshares from $28.50 to $30.00 in a research note on Friday, July 18th.

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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