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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FFIN shares. Truist Financial raised their target price on First Financial Bankshares to $46.00 in a research note on Monday, July 25th. StockNews.com upgraded First Financial Bankshares from a "sell" rating to a "hold" rating in a research note on Tuesday, June 28th. Stephens lifted their price objective on First Financial Bankshares to $44.00 in a research note on Tuesday, July 26th. Finally, Hovde Group reduced their price objective on First Financial Bankshares to $44.50 in a research note on Friday, July 22nd.

First Financial Bankshares Stock Performance

NASDAQ:FFIN opened at $44.65 on Friday. The stock has a 50-day simple moving average of $40.85 and a two-hundred day simple moving average of $43.21. The firm has a market capitalization of $6.36 billion, a P/E ratio of 27.73 and a beta of 0.88. First Financial Bankshares has a fifty-two week low of $37.47 and a fifty-two week high of $55.00.

First Financial Bankshares (NASDAQ:FFIN - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. First Financial Bankshares had a return on equity of 14.63% and a net margin of 42.97%. The firm had revenue of $139.47 million during the quarter, compared to analyst estimates of $133.87 million. As a group, analysts forecast that First Financial Bankshares will post 1.62 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. First Financial Bankshares's dividend payout ratio is presently 42.24%.

Insider Activity at First Financial Bankshares

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