First Financial Bankshares Inc. (NASDAQ:FFIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Shares of First Financial Bankshares (NASDAQ:FFIN) traded down 0.87% during midday trading on Friday, hitting $36.40. 224,771 shares of the company were exchanged. The company’s 50 day moving average price is $35.17 and its 200 day moving average price is $32.07. The firm has a market cap of $2.39 billion, a P/E ratio of 23.33 and a beta of 1.37. First Financial Bankshares has a one year low of $24.12 and a one year high of $36.88.
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First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. First Financial Bankshares had a return on equity of 12.55% and a net margin of 33.05%. Equities analysts expect that First Financial Bankshares will post $1.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 45.57%.
Several hedge funds and institutional investors have modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in First Financial Bankshares by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $961,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in First Financial Bankshares by 1.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,073 shares of the company’s stock worth $1,333,000 after buying an additional 462 shares in the last quarter. Arizona State Retirement System boosted its stake in First Financial Bankshares by 3.4% in the first quarter. Arizona State Retirement System now owns 33,860 shares of the company’s stock worth $1,002,000 after buying an additional 1,100 shares in the last quarter. Strs Ohio boosted its stake in First Financial Bankshares by 38.7% in the second quarter. Strs Ohio now owns 4,300 shares of the company’s stock worth $140,000 after buying an additional 1,200 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in First Financial Bankshares by 8.7% in the second quarter. Capstone Asset Management Co. now owns 21,322 shares of the company’s stock worth $699,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 45.73% of the company’s stock.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
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