First Financial Bankshares Inc (FFIN) Receives Consensus Rating of “Hold” from Brokerages

First Financial Bankshares Inc (NASDAQ:FFIN) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.14.

A number of equities research analysts have recently weighed in on FFIN shares. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 26th. BidaskClub lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of First Financial Bankshares in a report on Friday, October 20th. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of First Financial Bankshares in a report on Tuesday, January 9th. Finally, Hovde Group set a $46.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a report on Monday, January 29th.

In related news, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total transaction of $62,271.36. Following the completion of the sale, the director now directly owns 33,379 shares in the company, valued at approximately $1,519,412.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Beal sold 15,973 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total transaction of $756,641.01. Following the sale, the director now owns 1,465 shares of the company’s stock, valued at $69,397.05. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

A number of large investors have recently bought and sold shares of FFIN. TIAA CREF Investment Management LLC raised its holdings in First Financial Bankshares by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 198,871 shares of the bank’s stock valued at $8,790,000 after buying an additional 599 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in First Financial Bankshares by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 106,164 shares of the bank’s stock valued at $4,692,000 after buying an additional 1,061 shares during the last quarter. Northern Trust Corp raised its holdings in First Financial Bankshares by 2.6% during the 2nd quarter. Northern Trust Corp now owns 827,438 shares of the bank’s stock valued at $36,573,000 after buying an additional 20,741 shares during the last quarter. Vanguard Group Inc. raised its holdings in First Financial Bankshares by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,827,897 shares of the bank’s stock valued at $257,594,000 after buying an additional 77,503 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in First Financial Bankshares by 1.6% during the 2nd quarter. California Public Employees Retirement System now owns 135,900 shares of the bank’s stock valued at $6,007,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 51.35% of the company’s stock.

Shares of First Financial Bankshares (FFIN) traded up $0.45 on Tuesday, hitting $45.40. 431,574 shares of the stock were exchanged, compared to its average volume of 254,539. The company has a market cap of $3,094.36, a price-to-earnings ratio of 25.08 and a beta of 1.37. First Financial Bankshares has a 1 year low of $36.85 and a 1 year high of $48.85.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The business had revenue of $83.20 million during the quarter, compared to the consensus estimate of $90.40 million. First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. analysts expect that First Financial Bankshares will post 2.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.67%. First Financial Bankshares’s dividend payout ratio is currently 41.99%.

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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. 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, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.

Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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