First Financial Bankshares (NASDAQ:FFIN) Given New $32.00 Price Target at Truist Financial

First Financial Bankshares (NASDAQ:FFIN) had its price objective lowered by Truist Financial from $34.00 to $32.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the bank’s stock.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their target price on First Financial Bankshares from $30.00 to $31.00 and gave the stock a market perform rating in a research note on Friday, January 26th. Stephens lowered their target price on First Financial Bankshares from $35.00 to $31.00 and set an equal weight rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, First Financial Bankshares currently has an average rating of Hold and an average target price of $31.33.

First Financial Bankshares Stock Performance

Shares of FFIN stock opened at $30.42 on Monday. First Financial Bankshares has a fifty-two week low of $22.84 and a fifty-two week high of $33.15. The firm has a market capitalization of $4.34 billion, a PE ratio of 21.73 and a beta of 0.82. The stock’s 50-day simple moving average is $31.08 and its 200-day simple moving average is $28.96.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm had revenue of $129.63 million for the quarter, compared to the consensus estimate of $129.72 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that First Financial Bankshares will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On First Financial Bankshares

A number of hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in shares of First Financial Bankshares by 134.8% during the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after acquiring an additional 523 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after acquiring an additional 415 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of First Financial Bankshares during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Bankshares during the third quarter valued at approximately $40,000. Finally, Signaturefd LLC raised its holdings in shares of First Financial Bankshares by 35.6% during the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock valued at $67,000 after acquiring an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.