First Financial Bankshares (NASDAQ:FFIN) Price Target Raised to $35.00 at Truist Financial

First Financial Bankshares (NASDAQ:FFINFree Report) had its price target upped by Truist Financial from $31.00 to $35.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a hold rating on the bank’s stock.

Other equities analysts have also issued research reports about the company. Stephens boosted their price objective on First Financial Bankshares from $30.00 to $32.00 and gave the stock an equal weight rating in a research note on Friday, January 26th. StockNews.com started coverage on shares of First Financial Bankshares in a research report on Thursday, October 5th. They issued a sell rating for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a market perform rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $31.00.

Read Our Latest Analysis on FFIN

First Financial Bankshares Stock Down 0.1 %

Shares of FFIN opened at $31.47 on Tuesday. The company’s fifty day moving average is $29.39 and its 200-day moving average is $28.05. First Financial Bankshares has a 12 month low of $22.84 and a 12 month high of $38.24. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 22.48 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last released its earnings results on Thursday, January 25th. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $119.49 million during the quarter, compared to the consensus estimate of $125.09 million. First Financial Bankshares had a net margin of 31.28% and a return on equity of 15.00%. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, research analysts predict that First Financial Bankshares will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of First Financial Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in FFIN. First Command Advisory Services Inc. acquired a new stake in First Financial Bankshares in the third quarter valued at $26,000. Lindbrook Capital LLC raised its holdings in shares of First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after purchasing an additional 523 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of First Financial Bankshares by 356.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock valued at $31,000 after acquiring an additional 969 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of First Financial Bankshares in the 3rd quarter worth approximately $40,000. Finally, Dark Forest Capital Management LP boosted its holdings in First Financial Bankshares by 200.9% in the 1st quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after buying an additional 1,350 shares during the period. Institutional investors own 54.14% of the company’s stock.

About First Financial Bankshares

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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.

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