First Financial Bankshares (NASDAQ:FFIN) PT Lowered to $31.00 at Stephens

First Financial Bankshares (NASDAQ:FFIN - Free Report) had its target price cut by Stephens from $35.00 to $31.00 in a report issued on Friday morning, Benzinga reports. They currently have an equal weight rating on the bank's stock.

FFIN has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a market perform rating in a report on Friday, January 26th. Truist Financial lowered their price target on shares of First Financial Bankshares from $35.00 to $34.00 and set a hold rating for the company in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, First Financial Bankshares currently has a consensus rating of Hold and a consensus price target of $30.50.

First Financial Bankshares Stock Up 4.2 %

Shares of NASDAQ FFIN traded up $1.21 during mid-day trading on Friday, reaching $30.01. 1,110,522 shares of the company were exchanged, compared to its average volume of 514,008. First Financial Bankshares has a 52 week low of $22.84 and a 52 week high of $33.15. The stock has a market capitalization of $4.28 billion, a PE ratio of 21.44 and a beta of 0.82. The company's 50 day moving average price is $31.14 and its 200 day moving average price is $28.81.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. First Financial Bankshares had a net margin of 31.28% and a return on equity of 14.53%. The company had revenue of $129.63 million during the quarter, compared to the consensus estimate of $129.72 million. During the same period in the previous year, the firm posted $0.39 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that First Financial Bankshares will post 1.45 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, March 14th. First Financial Bankshares's dividend payout ratio is presently 51.43%.

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC bought a new position in shares of First Financial Bankshares during the fourth quarter valued at about $352,000. Kingsview Wealth Management LLC bought a new position in shares of First Financial Bankshares during the third quarter valued at about $593,000. Tudor Investment Corp Et Al purchased a new position in shares of First Financial Bankshares during the third quarter valued at about $2,424,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of First Financial Bankshares during the third quarter valued at about $1,758,000. Finally, Aigen Investment Management LP increased its position in shares of First Financial Bankshares by 209.9% during the third quarter. Aigen Investment Management LP now owns 35,657 shares of the bank's stock valued at $896,000 after buying an additional 24,152 shares during the period. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Company Profile

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.