First Financial Bankshares Inc. (NASDAQ:FFIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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 increased their price objective for the company from $37.50 to $43.00 in a report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. First Financial Bankshares presently has an average rating of “Hold” and an average price target of $35.33.
Shares of First Financial Bankshares (NASDAQ:FFIN) remained flat at $45.55 on Friday. 81,767 shares of the stock were exchanged. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 29.20 and a beta of 1.22. The company’s 50 day moving average is $38.98 and its 200 day moving average is $35.45. First Financial Bankshares has a 12-month low of $24.12 and a 12-month high of $46.70.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.39 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 posted $0.40 EPS. On average, equities research analysts expect that First Financial Bankshares will post $1.58 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFIN. 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 during 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 during 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 during the last quarter. 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 during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of First Financial Bankshares during the second quarter worth approximately $149,000. 46.99% of the stock is owned by institutional investors and hedge funds.
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.