Zacks Investment Research lowered shares of First Financial Bankshares Inc. (NASDAQ:FFIN) from a hold rating to a sell rating in a research note published on Monday.

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

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods downgraded shares of First Financial Bankshares from a market perform rating to an underperform rating and lifted their price target for the company from $30.00 to $37.00 in a research report on Tuesday, November 29th. Hovde Group downgraded First Financial Bankshares from a market perform rating to an underperform rating and lifted their price objective for the stock from $37.50 to $43.00 in a research report on Friday, November 18th. Four investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. First Financial Bankshares presently has a consensus rating of Sell and a consensus price target of $38.67.

First Financial Bankshares (NASDAQ:FFIN) opened at 44.90 on Monday. The company has a 50-day moving average price of $43.52 and a 200 day moving average price of $37.07. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 28.78 and a beta of 1.30. 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 posted its quarterly earnings results on Thursday, October 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ 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 last year, the company earned $0.40 EPS. Equities analysts predict that First Financial Bankshares will post $1.58 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.72 annualized dividend and a yield of 1.60%. First Financial Bankshares’s payout ratio is currently 45.86%.

Several hedge funds have recently made changes to their positions in FFIN. Victory Capital Management Inc. boosted its stake 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 valued at $103,000 after buying an additional 1,367 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 valued at $118,000 after buying an additional 2,587 shares in the last quarter. NEXT Financial Group Inc boosted 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 valued at $135,000 after buying an additional 304 shares in the last quarter. Strs Ohio boosted its stake in shares of First Financial Bankshares by 14.0% in the third quarter. Strs Ohio now owns 4,900 shares of the company’s stock valued at $178,000 after buying an additional 600 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of First Financial Bankshares by 15.4% in the second quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock valued at $243,000 after buying an additional 988 shares in the last quarter. 46.75% 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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