First Financial Bankshares (NASDAQ:FFIN) Rating Increased to Hold at Zacks Investment Research
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
A number of other brokerages have also weighed in on FFIN. BidaskClub lowered shares of First Financial Bankshares from a buy rating to a hold rating in a report on Wednesday, March 6th. ValuEngine lowered shares of First Financial Bankshares from a buy rating to a hold rating in a report on Friday, May 17th. Finally, Stephens reiterated a neutral rating and set a $28.50 price objective on shares of First Financial Bankshares in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. First Financial Bankshares currently has a consensus rating of Hold and a consensus price target of $30.33.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. The company had revenue of $95.77 million during the quarter, compared to analyst estimates of $96.90 million. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts forecast that First Financial Bankshares will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 38.53%.
In other First Financial Bankshares news, Director Johnny Trotter bought 3,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were acquired at an average price of $61.61 per share, with a total value of $184,830.00. Following the transaction, the director now owns 394,913 shares of the company’s stock, valued at approximately $24,330,589.93. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David L. Copeland sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total transaction of $308,400.00. Following the transaction, the director now directly owns 34,094 shares in the company, valued at approximately $2,102,917.92. The disclosure for this sale can be found here. Insiders have acquired a total of 15,511 shares of company stock worth $945,689 in the last three months. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new stake in shares of First Financial Bankshares in the fourth quarter valued at about $26,000. Quadrant Capital Group LLC raised its holdings in First Financial Bankshares by 767.3% during the first quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock worth $26,000 after purchasing an additional 399 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of First Financial Bankshares during the fourth quarter worth approximately $29,000. Liberty Wealth Management LLC purchased a new position in First Financial Bankshares in the 4th quarter valued at $36,000. Finally, Ellis Investment Partners LLC purchased a new position in First Financial Bankshares in the 1st quarter valued at $117,000. 55.53% of the stock is currently owned by institutional investors and hedge funds.
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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