First Financial Bankshares, Inc. (NASDAQ:FFIN)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $42.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 9.77% from the stock’s current price.

A number of other research firms have also recently commented on FFIN. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, September 7th. Piper Jaffray Companies reissued a “hold” rating and set a $41.00 target price on shares of First Financial Bankshares in a research note on Friday, September 1st. BidaskClub cut shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Stephens set a $39.00 target price on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.60.

Shares of First Financial Bankshares (FFIN) traded up 1.20% on Friday, reaching $46.55. 302,165 shares of the company traded hands. First Financial Bankshares has a 1-year low of $35.05 and a 1-year high of $47.90. The company has a 50-day moving average of $43.08 and a 200-day moving average of $41.48. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 28.70 and a beta of 1.38.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.87%. The company had revenue of $83.95 million during the quarter, compared to analysts’ expectations of $89.87 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that First Financial Bankshares will post $1.70 earnings per share for the current fiscal year.

First Financial Bankshares declared that its board has authorized a share repurchase program on Tuesday, July 25th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently bought and sold shares of FFIN. UBS Asset Management Americas Inc. boosted its position in First Financial Bankshares by 61.3% during the first quarter. UBS Asset Management Americas Inc. now owns 105,103 shares of the bank’s stock worth $4,215,000 after acquiring an additional 39,923 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in First Financial Bankshares by 11.8% during the first quarter. Parametric Portfolio Associates LLC now owns 53,617 shares of the bank’s stock worth $2,150,000 after acquiring an additional 5,641 shares during the last quarter. Prudential Financial Inc. boosted its position in First Financial Bankshares by 0.6% during the first quarter. Prudential Financial Inc. now owns 113,842 shares of the bank’s stock worth $4,565,000 after acquiring an additional 700 shares during the last quarter. Stifel Financial Corp boosted its position in First Financial Bankshares by 19.4% during the first quarter. Stifel Financial Corp now owns 12,211 shares of the bank’s stock worth $491,000 after acquiring an additional 1,984 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in First Financial Bankshares by 26.8% during the first quarter. Victory Capital Management Inc. now owns 3,520 shares of the bank’s stock worth $141,000 after acquiring an additional 743 shares during the last quarter. Hedge funds and other institutional investors own 50.12% of the company’s stock.

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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