First Financial Bankshares, Inc. (NASDAQ:FFIN) Receives $39.20 Average Price Target from Analysts

Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $39.20.

Several equities research analysts have recently issued reports on FFIN shares. Cantor Fitzgerald started coverage on shares of First Financial Bankshares in a research note on Wednesday. They issued a “neutral” rating and a $39.00 price objective on the stock. Hovde Group raised 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 research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of 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.

Institutional Investors Weigh In On First Financial Bankshares

A number of institutional investors have recently bought and sold shares of FFIN. Osaic Holdings Inc. boosted its stake in shares of First Financial Bankshares by 18.1% in the 2nd quarter. Osaic Holdings Inc. now owns 31,927 shares of the bank’s stock valued at $1,149,000 after purchasing an additional 4,890 shares in the last quarter. State of Wyoming acquired a new stake in shares of First Financial Bankshares in the 2nd quarter valued at $54,000. Tower Research Capital LLC TRC boosted its stake in shares of First Financial Bankshares by 117.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,020 shares of the bank’s stock valued at $684,000 after purchasing an additional 10,276 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of First Financial Bankshares by 18.8% in the 2nd quarter. Corient Private Wealth LLC now owns 50,283 shares of the bank’s stock valued at $1,809,000 after purchasing an additional 7,950 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of First Financial Bankshares by 7.1% in the 2nd quarter. Captrust Financial Advisors now owns 6,244 shares of the bank’s stock valued at $225,000 after purchasing an additional 413 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $36.02 on Wednesday. The firm has a market cap of $5.15 billion, a PE ratio of 20.94 and a beta of 0.89. The firm’s 50 day moving average price is $36.20 and its 200 day moving average price is $35.48. First Financial Bankshares has a twelve month low of $30.58 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. The firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $156.41 million. During the same quarter last year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. First Financial Bankshares’s payout ratio is currently 44.19%.

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.