First Financial Bankshares - FFIN Stock Forecast, Price & News

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations. It also provides drive-in and night deposit, remote deposit capture, internet and mobile banking, payroll cards, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administer retirements and employee benefits accounts, such as 401(k) profit-sharing plans and IRAs. Further, the company provides asset management and technology services. As of December 31, 2021, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

First Financial Bankshares Trading Down 0.6 %

Shares of FFIN Stock traded down $0.27 during trading hours on Wednesday, hitting $46.92. 225,612 shares of the company were exchanged, compared to its average volume of 442,176. The business has a 50 day moving average of $41.43 and a two-hundred day moving average of $43.07. First Financial Bankshares has a 52 week low of $37.47 and a 52 week high of $55.00. The company has a market capitalization of $6.69 billion, a PE ratio of 29.31 and a beta of 0.88.

First Financial Bankshares (NASDAQ:FFIN - Get Rating) last released its earnings results on Thursday, July 21st. The bank reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $139.47 million during the quarter, compared to the consensus estimate of $133.87 million. First Financial Bankshares had a net margin of 42.97% and a return on equity of 14.63%. On average, research analysts forecast that First Financial Bankshares will post 1.63 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, September 14th. First Financial Bankshares's dividend payout ratio (DPR) is currently 42.24%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FFIN. Hovde Group lowered their target price on shares of First Financial Bankshares to $44.50 in a research note on Friday, July 22nd. Truist Financial increased their price objective on shares of First Financial Bankshares to $46.00 in a research report on Monday, July 25th. Stephens increased their price objective on shares of First Financial Bankshares to $44.00 in a research report on Tuesday, July 26th. Finally, StockNews.com raised shares of First Financial Bankshares from a "sell" rating to a "hold" rating in a research report on Tuesday, June 28th.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average price of $40.65 per share, with a total value of $101,625.00. Following the completion of the transaction, the director now owns 85,958 shares in the company, valued at $3,494,192.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael B. Denny purchased 2,500 shares of the business's stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of $40.65 per share, for a total transaction of $101,625.00. Following the completion of the purchase, the director now directly owns 85,958 shares in the company, valued at approximately $3,494,192.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Johnny Trotter purchased 1,000 shares of the business's stock in a transaction on Friday, June 10th. The stock was purchased at an average price of $39.34 per share, with a total value of $39,340.00. Following the purchase, the director now owns 893,757 shares of the company's stock, valued at $35,160,400.38. The disclosure for this purchase can be found here. 4.19% of the stock is owned by insiders.