First Financial Bankshares (NASDAQ:FFIN – Free 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.
First Financial Bankshares Stock Down 0.1 %
First Financial Bankshares (NASDAQ:FFIN – Get 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
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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