First Financial Bankshares (NASDAQ:FFIN) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• First Financial Bankshares received a "Hold (C)" rating from Weiss Ratings, indicating a stable outlook for the stock.
• The stock has a consensus price target of $39.00, with multiple analysts reiterating a "market perform" rating.
• As of the latest trading data, First Financial Bankshares stock was priced at $33.35, with a 52-week range between $30.58 and $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

FFIN has been the topic of a number of other research reports. Cantor Fitzgerald started coverage on shares of First Financial Bankshares in a report on Wednesday, September 10th. They set a "neutral" rating and a $39.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of First Financial Bankshares from $36.00 to $38.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, Hovde Group lifted their price target on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.00.

First Financial Bankshares Trading Up 1.6%

First Financial Bankshares stock traded up $0.53 during mid-day trading on Tuesday, reaching $33.35. The company had a trading volume of 145,408 shares, compared to its average volume of 526,947. First Financial Bankshares has a fifty-two week low of $30.58 and a fifty-two week high of $44.66. The company has a market cap of $4.77 billion, a P/E ratio of 19.41 and a beta of 0.86. The business has a fifty day simple moving average of $35.20 and a 200 day simple moving average of $35.15.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates 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 business posted $0.37 earnings per share. Research analysts forecast that First Financial Bankshares will post 1.78 EPS for the current year.

Hedge Funds Weigh In On First Financial Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC lifted its holdings in First Financial Bankshares by 2.2% in the second quarter. Ballentine Partners LLC now owns 13,358 shares of the bank's stock valued at $481,000 after buying an additional 293 shares during the period. State of Michigan Retirement System lifted its holdings in First Financial Bankshares by 1.0% in the first quarter. State of Michigan Retirement System now owns 30,763 shares of the bank's stock valued at $1,105,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System lifted its holdings in First Financial Bankshares by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the bank's stock valued at $1,293,000 after buying an additional 300 shares during the period. KBC Group NV lifted its holdings in First Financial Bankshares by 6.8% in the first quarter. KBC Group NV now owns 5,792 shares of the bank's stock valued at $208,000 after buying an additional 370 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in First Financial Bankshares by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 15,056 shares of the bank's stock valued at $540,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 69.78% 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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