First Financial Bankshares (FFIN) Downgraded to Sell at BidaskClub
BidaskClub downgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a hold rating to a sell rating in a report released on Tuesday.
FFIN has been the topic of a number of other reports. Zacks Investment Research downgraded shares of First Financial Bankshares from a buy rating to a hold rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a hold rating and issued a $39.00 target price on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $44.33.
Shares of First Financial Bankshares (NASDAQ FFIN) traded up $0.15 on Tuesday, reaching $47.85. 159,311 shares of the company were exchanged, compared to its average volume of 296,342. First Financial Bankshares has a 52-week low of $36.85 and a 52-week high of $48.85. The stock has a market capitalization of $3,170.00, a P/E ratio of 28.65 and a beta of 1.40.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The firm had revenue of $83.95 million for the quarter, compared to the consensus estimate of $89.87 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. equities research analysts forecast that First Financial Bankshares will post 1.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, December 15th. First Financial Bankshares’s dividend payout ratio is 45.51%.
In other First Financial Bankshares news, Director David L. Copeland sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total value of $62,271.36. Following the completion of the sale, the director now directly owns 33,379 shares of the company’s stock, valued at $1,519,412.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.04% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its position in First Financial Bankshares by 2.6% in the second quarter. Amalgamated Bank now owns 8,768 shares of the bank’s stock worth $388,000 after acquiring an additional 225 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Financial Bankshares by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock worth $102,000 after acquiring an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in First Financial Bankshares by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 49,887 shares of the bank’s stock worth $2,206,000 after acquiring an additional 361 shares in the last quarter. Profund Advisors LLC grew its position in First Financial Bankshares by 3.8% in the second quarter. Profund Advisors LLC now owns 14,453 shares of the bank’s stock worth $639,000 after acquiring an additional 533 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in First Financial Bankshares by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 198,871 shares of the bank’s stock worth $8,790,000 after acquiring an additional 599 shares in the last quarter. 51.37% of the stock is owned by institutional investors.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.