First Financial Bankshares (NASDAQ:FFIN)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks in a report issued on Tuesday. They presently have a $48.00 target price on the bank’s stock. SunTrust Banks’ price objective indicates a potential upside of 6.55% from the company’s current price. SunTrust Banks also issued estimates for First Financial Bankshares’ Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.57 EPS.

A number of other brokerages have also recently commented on FFIN. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 price target on shares of First Financial Bankshares in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $44.17.

First Financial Bankshares (FFIN) opened at $45.05 on Tuesday. First Financial Bankshares has a 52-week low of $36.85 and a 52-week high of $48.85. The firm has a market cap of $2,980.00, a P/E ratio of 26.98 and a beta of 1.40.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share 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 during the quarter, compared to the consensus estimate of $89.87 million. During the same period in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. equities analysts anticipate that First Financial Bankshares will post 1.7 EPS for the current year.

In other First Financial Bankshares news, Director David L. Copeland sold 1,368 shares of the 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 sale, the director now directly owns 33,379 shares in the company, valued at approximately $1,519,412.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FFIN. Schwab Charles Investment Management Inc. raised its position in shares of First Financial Bankshares by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 318,463 shares of the bank’s stock valued at $14,077,000 after buying an additional 4,558 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of First Financial Bankshares by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,141 shares of the bank’s stock valued at $183,000 after buying an additional 621 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of First Financial Bankshares by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock valued at $102,000 after buying an additional 239 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of First Financial Bankshares by 2.4% during the 2nd quarter. Principal Financial Group Inc. now owns 540,545 shares of the bank’s stock valued at $23,892,000 after buying an additional 12,854 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of First Financial Bankshares by 2.4% during the 2nd quarter. Swiss National Bank now owns 89,000 shares of the bank’s stock valued at $3,934,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 51.37% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/suntrust-banks-reaffirms-hold-rating-for-first-financial-bankshares-ffin/1799741.html.

First Financial Bankshares Company Profile

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.

Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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.