First Financial Bankshares (NASDAQ:FFIN) PT Lowered to $32.00 at Truist Financial

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) had its price target decreased by research analysts at Truist Financial from $34.00 to $32.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the bank's stock. Truist Financial's price objective indicates a potential upside of 5.19% from the company's current price.

Other analysts have also recently issued reports about the company. Stephens cut their target price on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods raised their target price on First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.33.

First Financial Bankshares Stock Up 1.4 %

Shares of FFIN traded up $0.41 during trading hours on Monday, hitting $30.42. The company had a trading volume of 477,290 shares, compared to its average volume of 513,531. The firm has a market cap of $4.34 billion, a P/E ratio of 21.81 and a beta of 0.82. The stock's 50 day moving average price is $31.11 and its 200 day moving average price is $28.92. First Financial Bankshares has a 52-week low of $22.84 and a 52-week high of $33.15.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $129.63 million for the quarter, compared to the consensus estimate of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts expect that First Financial Bankshares will post 1.45 EPS for the current fiscal year.

Institutional Trading of First Financial Bankshares

Several large investors have recently bought and sold shares of FFIN. First Command Advisory Services Inc. bought a new stake in First Financial Bankshares during the 3rd quarter valued at approximately $26,000. Lindbrook Capital LLC boosted its position in shares of First Financial Bankshares by 134.8% in the 4th quarter. Lindbrook Capital LLC now owns 911 shares of the bank's stock worth $28,000 after purchasing an additional 523 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of First Financial Bankshares by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank's stock worth $30,000 after purchasing an additional 415 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, Signaturefd LLC boosted its position in shares of First Financial Bankshares by 35.6% in the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank's stock worth $67,000 after purchasing an additional 703 shares in the last quarter. 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.