Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.50.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub cut shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stephens set a $39.00 target price on shares of First Financial Bankshares and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 target price on shares of First Financial Bankshares in a report on Tuesday.

Shares of First Financial Bankshares (NASDAQ:FFIN) traded down 1.32% during midday trading on Wednesday, hitting $44.80. 135,974 shares of the company were exchanged. The company has a 50-day moving average of $41.12 and a 200 day moving average of $40.96. The company has a market capitalization of $2.94 billion, a P/E ratio of 27.62 and a beta of 1.38. First Financial Bankshares has a one year low of $35.05 and a one year high of $46.70.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $87.11 million. First Financial Bankshares had a net margin of 33.03% and a return on equity of 12.41%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities research analysts expect that First Financial Bankshares will post $1.70 earnings per share for the current fiscal year.

First Financial Bankshares declared that its board has initiated a stock buyback plan on Tuesday, July 25th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.91%.

Several institutional investors have recently added to or reduced their stakes in FFIN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Financial Bankshares by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock valued at $102,000 after buying an additional 239 shares during the period. Victory Capital Management Inc. increased its stake in shares of First Financial Bankshares by 26.8% in the first quarter. Victory Capital Management Inc. now owns 3,520 shares of the bank’s stock valued at $141,000 after buying an additional 743 shares during the period. Riverhead Capital Management LLC increased its stake in shares of First Financial Bankshares by 63.3% in the second quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock valued at $159,000 after buying an additional 1,393 shares during the period. FCA Corp TX acquired a new position in shares of First Financial Bankshares in the second quarter valued at approximately $213,000. Finally, Strs Ohio increased its stake in shares of First Financial Bankshares by 6.4% in the second quarter. Strs Ohio now owns 5,000 shares of the bank’s stock valued at $221,000 after buying an additional 300 shares during the period. 50.12% of the stock is owned by institutional investors.

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First Financial Bankshares Company Profile

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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