First Financial Bankshares (FFIN) Upgraded at BidaskClub

First Financial Bankshares (NASDAQ:FFIN) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

FFIN has been the topic of several other reports. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, July 23rd. Stephens set a $52.00 target price on First Financial Bankshares and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, Robert W. Baird initiated coverage on First Financial Bankshares in a research report on Tuesday, October 16th. They issued a “neutral” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.71.

Shares of NASDAQ FFIN opened at $58.99 on Thursday. First Financial Bankshares has a 1-year low of $43.05 and a 1-year high of $61.86. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 34.70 and a beta of 1.26.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, October 18th. The bank reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. First Financial Bankshares had a return on equity of 14.09% and a net margin of 39.25%. The firm had revenue of $96.48 million for the quarter, compared to analyst estimates of $97.34 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts anticipate that First Financial Bankshares will post 2.18 EPS for the current fiscal year.

In other First Financial Bankshares news, Director Johnny Trotter purchased 2,000 shares of the stock in a transaction dated Tuesday, October 23rd. The shares were bought at an average cost of $55.65 per share, with a total value of $111,300.00. Following the completion of the acquisition, the director now owns 384,926 shares of the company’s stock, valued at $21,421,131.90. The purchase was disclosed in a filing with the SEC, which is available through this link. 4.77% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Sense Advisors Inc. acquired a new position in shares of First Financial Bankshares during the second quarter valued at $204,000. Russell Investments Group Ltd. acquired a new position in shares of First Financial Bankshares during the first quarter valued at $204,000. Partnervest Advisory Services LLC bought a new position in First Financial Bankshares during the third quarter valued at about $204,000. Lodestar Investment Counsel LLC IL bought a new position in First Financial Bankshares during the second quarter valued at about $205,000. Finally, OppenheimerFunds Inc. bought a new position in First Financial Bankshares during the second quarter valued at about $228,000. 53.78% of the stock is currently 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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Analyst Recommendations for First Financial Bankshares (NASDAQ:FFIN)

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