According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut First Financial Bankshares from a market perform rating to an underperform rating and boosted their price target for the stock from $30.00 to $37.00 in a research report on Tuesday, November 29th. Hovde Group cut First Financial Bankshares from a market perform rating to an underperform rating and upped their price objective for the company from $37.50 to $43.00 in a research report on Friday, November 18th.
First Financial Bankshares (NASDAQ:FFIN) opened at 42.85 on Wednesday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 27.00 and a beta of 1.32. First Financial Bankshares has a 12-month low of $27.72 and a 12-month high of $46.70. The stock has a 50 day moving average price of $43.10 and a 200-day moving average price of $41.08.
First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. First Financial Bankshares had a return on equity of 12.29% and a net margin of 33.01%. The firm had revenue of $78.26 million for the quarter, compared to analysts’ expectations of $85.09 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts predict that First Financial Bankshares will post $1.67 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. First Financial Bankshares’s dividend payout ratio is presently 45.28%.
In other First Financial Bankshares news, Director Kade Matthews sold 8,915 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $44.05, for a total transaction of $392,705.75. Following the completion of the sale, the director now directly owns 296,113 shares in the company, valued at approximately $13,043,777.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Johnny Trotter bought 2,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The shares were bought at an average price of $41.74 per share, with a total value of $83,480.00. Following the completion of the purchase, the director now owns 381,623 shares in the company, valued at approximately $15,928,944.02. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 7,990 shares of company stock valued at $339,948. Company insiders own 4.51% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of First Financial Bankshares by 1.2% in the fourth quarter. AQR Capital Management LLC now owns 6,041 shares of the company’s stock worth $273,000 after buying an additional 70 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of First Financial Bankshares by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,660 shares of the company’s stock worth $534,000 after buying an additional 240 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Financial Bankshares by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,700 shares of the company’s stock worth $664,000 after buying an additional 291 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of First Financial Bankshares by 8.9% in the third quarter. NEXT Financial Group Inc now owns 3,716 shares of the company’s stock worth $135,000 after buying an additional 304 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of First Financial Bankshares by 2.9% in the third quarter. Aperio Group LLC now owns 13,341 shares of the company’s stock worth $486,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 46.61% of the company’s stock.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
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