First Financial Bankshares (NASDAQ:FFIN) Coverage Initiated at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of First Financial Bankshares (NASDAQ:FFIN) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $39.00 price target on the bank’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 8.03% from the company’s current price.

FFIN has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Hovde Group increased their price objective on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, July 21st. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.20.

First Financial Bankshares Stock Performance

FFIN stock opened at $36.10 on Wednesday. The company has a 50 day moving average price of $36.24 and a two-hundred day moving average price of $35.49. The stock has a market capitalization of $5.17 billion, a P/E ratio of 20.99 and a beta of 0.89. First Financial Bankshares has a one year low of $30.58 and a one year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same quarter last year, the firm earned $0.37 earnings per share. Research analysts forecast that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Financial Bankshares

A number of institutional investors have recently added to or reduced their stakes in FFIN. Squarepoint Ops LLC increased its position in shares of First Financial Bankshares by 65.9% during the fourth quarter. Squarepoint Ops LLC now owns 29,807 shares of the bank’s stock worth $1,075,000 after acquiring an additional 11,836 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Financial Bankshares by 11.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 337,097 shares of the bank’s stock valued at $12,152,000 after purchasing an additional 35,881 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in First Financial Bankshares during the 4th quarter valued at approximately $835,000. GAMMA Investing LLC increased its holdings in First Financial Bankshares by 89.9% during the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank’s stock worth $69,000 after purchasing an additional 912 shares during the last quarter. Finally, GTS Securities LLC acquired a new position in shares of First Financial Bankshares in the 4th quarter valued at approximately $278,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.