First Financial Bankshares (FFIN) Rating Lowered to Hold at BidaskClub

First Financial Bankshares (NASDAQ:FFIN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

FFIN has been the topic of a number of other research reports. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 target price on shares of First Financial Bankshares in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $43.40.

Shares of First Financial Bankshares (NASDAQ:FFIN) opened at $45.55 on Tuesday. First Financial Bankshares has a 12-month low of $36.85 and a 12-month high of $48.85. The company has a market capitalization of $3,036.47, a price-to-earnings ratio of 27.45 and a beta of 1.40.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. First Financial Bankshares had a return on equity of 12.70% and a net margin of 33.51%. The company had revenue of $83.95 million for the quarter, compared to the consensus estimate of $89.87 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. First Financial Bankshares’s revenue was up 6.4% on a year-over-year basis. analysts predict that First Financial Bankshares will post 1.7 EPS for the current fiscal year.

In other news, Director David L. Copeland sold 1,368 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total value of $62,271.36. Following the transaction, the director now owns 33,379 shares of the company’s stock, valued at $1,519,412.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.04% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of First Financial Bankshares by 21.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,013,016 shares of the bank’s stock worth $44,775,000 after buying an additional 176,003 shares during the period. Legal & General Group Plc grew its position in shares of First Financial Bankshares by 9.2% during the second quarter. Legal & General Group Plc now owns 126,166 shares of the bank’s stock worth $5,578,000 after purchasing an additional 10,617 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of First Financial Bankshares by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 1,173,105 shares of the bank’s stock worth $51,851,000 after purchasing an additional 45,338 shares in the last quarter. American Century Companies Inc. grew its position in shares of First Financial Bankshares by 58.5% during the second quarter. American Century Companies Inc. now owns 295,822 shares of the bank’s stock worth $13,075,000 after purchasing an additional 109,149 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of First Financial Bankshares by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,078,829 shares of the bank’s stock worth $47,685,000 after purchasing an additional 25,394 shares in the last quarter. 51.40% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “First Financial Bankshares (FFIN) Rating Lowered to Hold at BidaskClub” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/3079053/first-financial-bankshares-ffin-rating-lowered-to-hold-at-bidaskclub.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.

Receive News & Ratings for First Financial Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.