First Financial Bankshares (NASDAQ:FFIN) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a hold rating to a sell rating in a research report released on Saturday, BidAskClub reports.

Several other equities research analysts have also recently weighed in on FFIN. Zacks Investment Research cut shares of First Financial Bankshares from a hold rating to a sell rating in a research report on Tuesday, June 23rd. TheStreet raised shares of First Financial Bankshares from a c+ rating to a b- rating in a research report on Tuesday, June 9th. ValuEngine raised shares of First Financial Bankshares from a sell rating to a hold rating in a research report on Thursday, April 2nd. Finally, SunTrust Banks increased their target price on shares of First Financial Bankshares from $27.00 to $29.00 and gave the stock a hold rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $32.50.

NASDAQ FFIN opened at $28.89 on Friday. First Financial Bankshares has a 12-month low of $20.70 and a 12-month high of $36.45. The company has a market capitalization of $3.82 billion, a PE ratio of 24.28 and a beta of 0.97. The firm’s 50 day moving average is $29.28 and its 200-day moving average is $30.40.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). The business had revenue of $111.47 million during the quarter, compared to analyst estimates of $108.95 million. First Financial Bankshares had a net margin of 36.96% and a return on equity of 12.79%. During the same quarter last year, the business earned $0.56 earnings per share. On average, sell-side analysts predict that First Financial Bankshares will post 0.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 16th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.12. First Financial Bankshares’s dividend payout ratio is 42.98%.

In other First Financial Bankshares news, Director Tucker S. Bridwell sold 23,206 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $26.32, for a total transaction of $610,781.92. Following the sale, the director now directly owns 68,386 shares of the company’s stock, valued at approximately $1,799,919.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director April Kaye Bullock Anthony bought 5,000 shares of First Financial Bankshares stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $130,000.00. Following the completion of the acquisition, the director now directly owns 47,935 shares in the company, valued at $1,246,310. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 10,267 shares of company stock valued at $259,213 and sold 63,206 shares valued at $1,836,182. Corporate insiders own 4.44% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Alliance bought a new stake in First Financial Bankshares during the 4th quarter worth approximately $40,000. Ladenburg Thalmann Financial Services Inc. increased its position in First Financial Bankshares by 50.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,687 shares of the bank’s stock valued at $58,000 after purchasing an additional 565 shares during the period. Tower Research Capital LLC TRC acquired a new stake in First Financial Bankshares during the 1st quarter valued at approximately $52,000. FMR LLC increased its position in First Financial Bankshares by 25.1% during the 4th quarter. FMR LLC now owns 2,555 shares of the bank’s stock valued at $90,000 after purchasing an additional 512 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in First Financial Bankshares during the 4th quarter valued at approximately $95,000. 49.38% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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