BidaskClub downgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a hold rating to a sell rating in a report published on Thursday, BidAskClub reports.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Stephens set a $22.00 target price on Home Bancshares and gave the stock a buy rating in a report on Monday, April 22nd. Finally, ValuEngine raised Ultrapar Participacoes from a strong sell rating to a sell rating in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average target price of $31.33.

First Financial Bankshares stock opened at $30.86 on Thursday. First Financial Bankshares has a 52 week low of $26.73 and a 52 week high of $33.42. The firm has a market cap of $8.38 billion, a PE ratio of 28.31 and a beta of 1.16. The stock’s fifty day simple moving average is $32.28.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. First Financial Bankshares had a return on equity of 15.21% and a net margin of 38.62%. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $99.90 million. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, equities analysts anticipate that First Financial Bankshares will post 1.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a $0.12 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. First Financial Bankshares’s payout ratio is presently 44.04%.

In other news, Director Johnny Trotter bought 2,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $60.67 per share, with a total value of $121,340.00. Following the acquisition, the director now directly owns 405,913 shares in the company, valued at $24,626,741.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Copeland sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.68, for a total value of $308,400.00. Following the completion of the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at approximately $2,102,917.92. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 11,181 shares of company stock valued at $663,178. Insiders own 4.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of First Financial Bankshares by 7.4% during the fourth quarter. LPL Financial LLC now owns 3,753 shares of the bank’s stock worth $217,000 after purchasing an additional 258 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of First Financial Bankshares by 20.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock worth $127,000 after purchasing an additional 381 shares in the last quarter. Raymond James & Associates lifted its position in shares of First Financial Bankshares by 13.3% during the fourth quarter. Raymond James & Associates now owns 11,868 shares of the bank’s stock worth $685,000 after purchasing an additional 1,391 shares in the last quarter. Advisor Group Inc. lifted its position in shares of First Financial Bankshares by 49.1% during the fourth quarter. Advisor Group Inc. now owns 9,786 shares of the bank’s stock worth $565,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of First Financial Bankshares by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,230,481 shares of the bank’s stock worth $70,986,000 after purchasing an additional 13,808 shares in the last quarter. 55.53% of the stock is owned by institutional investors.

First Financial Bankshares Company Profile

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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