First Financial Bankshares Inc (NASDAQ:FFIN) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 6,031,535 shares, a drop of 21.1% from the January 12th total of 7,642,732 shares. Based on an average daily volume of 234,128 shares, the short-interest ratio is currently 25.8 days. Approximately 11.6% of the shares of the stock are short sold.
A number of brokerages have recently weighed in on FFIN. Hovde Group set a $46.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, January 29th. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Sandler O’Neill reissued a “sell” rating and set a $40.00 price objective on shares of First Financial Bankshares in a research note on Friday, January 26th. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 target price on shares of First Financial Bankshares in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and a consensus target price of $44.14.
In other First Financial Bankshares news, Director Johnny Trotter acquired 11,400 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of $45.10 per share, with a total value of $514,140.00. Following the purchase, the director now directly owns 388,938 shares in the company, valued at approximately $17,541,103.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Beal sold 15,973 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $47.37, for a total transaction of $756,641.01. Following the transaction, the director now directly owns 1,465 shares of the company’s stock, valued at $69,397.05. The disclosure for this sale can be found here. Company insiders own 5.04% of the company’s stock.
Shares of First Financial Bankshares (FFIN) opened at $45.60 on Friday. The company has a market cap of $3,038.04, a P/E ratio of 26.97 and a beta of 1.37. First Financial Bankshares has a 12 month low of $36.85 and a 12 month high of $48.85.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 25th. The bank reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $83.20 million during the quarter, compared to analysts’ expectations of $90.40 million. First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. analysts predict that First Financial Bankshares will post 2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. First Financial Bankshares’s dividend payout ratio is presently 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.
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