Todays Report: Today, First Financial Bankshares Inc. (FFIN) Upgrade by The Zacks Investment Research to “Hold”

Today, First Financial Bankshares Inc. (FFIN) Upgrade by The Zacks Investment Research to “Hold”

First Financial Bankshares Inc. (NASDAQ:FFIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “

Separately, Hovde Group downgraded shares of First Financial Bankshares from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $37.50 to $43.00 in a report on Friday, November 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $35.33.

Shares of First Financial Bankshares (NASDAQ:FFIN) remained flat at $45.55 during mid-day trading on Friday. The company had a trading volume of 81,767 shares. The firm has a market cap of $2.99 billion, a PE ratio of 29.20 and a beta of 1.22. The stock has a 50 day moving average price of $38.98 and a 200-day moving average price of $35.45. First Financial Bankshares has a one year low of $24.12 and a one year high of $46.70.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. First Financial Bankshares had a net margin of 32.69% and a return on equity of 12.23%. During the same quarter in the prior year, the company earned $0.40 EPS. On average, analysts expect that First Financial Bankshares will post $1.58 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of First Financial Bankshares by 77.3% in the second quarter. Victory Capital Management Inc. now owns 3,135 shares of the company’s stock worth $103,000 after buying an additional 1,367 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of First Financial Bankshares by 460.3% in the second quarter. NEXT Financial Group Inc now owns 3,412 shares of the company’s stock worth $111,000 after buying an additional 2,803 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of First Financial Bankshares by 257.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,590 shares of the company’s stock worth $118,000 after buying an additional 2,587 shares in the last quarter. BlackRock Inc. increased its position in shares of First Financial Bankshares by 124.8% in the first quarter. BlackRock Inc. now owns 4,291 shares of the company’s stock worth $126,000 after buying an additional 2,382 shares in the last quarter. Finally, Strs Ohio increased its position in shares of First Financial Bankshares by 38.7% in the second quarter. Strs Ohio now owns 4,300 shares of the company’s stock worth $140,000 after buying an additional 1,200 shares in the last quarter. 46.99% of the stock is owned by institutional investors.

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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