First Financial Bankshares (NASDAQ:FFIN) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning, ValuEngine reports.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of First Financial Bankshares from a buy rating to a hold rating in a report on Saturday, October 26th. Piper Jaffray Companies set a $29.00 price target on shares of First Financial Bankshares and gave the stock a hold rating in a report on Thursday, August 22nd. Zacks Investment Research cut shares of First Financial Bankshares from a buy rating to a hold rating in a report on Wednesday, October 23rd. Finally, Stephens set a $33.00 price target on shares of First Financial Bankshares and gave the stock a hold rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $33.00.

Shares of FFIN stock traded down $0.10 on Friday, reaching $34.42. 189,900 shares of the stock were exchanged, compared to its average volume of 401,780. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 31.58 and a beta of 1.15. First Financial Bankshares has a twelve month low of $26.73 and a twelve month high of $35.86. The business’s 50 day moving average price is $33.96 and its 200 day moving average price is $37.22.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $102.88 million during the quarter, compared to analysts’ expectations of $102.20 million. First Financial Bankshares had a net margin of 38.59% and a return on equity of 14.40%. During the same period in the prior year, the company posted $0.59 earnings per share. On average, sell-side analysts anticipate that First Financial Bankshares will post 1.21 earnings per share for the current year.

In related news, Director Michael B. Denny bought 1,500 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $34.77 per share, with a total value of $52,155.00. Following the completion of the acquisition, the director now owns 1,974 shares in the company, valued at approximately $68,635.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 2,260 shares of company stock valued at $78,890. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. boosted its position in First Financial Bankshares by 99.0% during the second quarter. Panagora Asset Management Inc. now owns 412,544 shares of the bank’s stock worth $12,702,000 after acquiring an additional 205,260 shares during the last quarter. EULAV Asset Management boosted its position in First Financial Bankshares by 100.0% during the second quarter. EULAV Asset Management now owns 206,496 shares of the bank’s stock worth $6,358,000 after acquiring an additional 103,248 shares during the last quarter. Arabesque Asset Management Ltd boosted its position in First Financial Bankshares by 133.1% during the second quarter. Arabesque Asset Management Ltd now owns 20,665 shares of the bank’s stock worth $638,000 after acquiring an additional 11,798 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in First Financial Bankshares during the second quarter worth approximately $277,000. Finally, First Republic Investment Management Inc. boosted its position in First Financial Bankshares by 98.1% during the second quarter. First Republic Investment Management Inc. now owns 32,071 shares of the bank’s stock worth $987,000 after acquiring an additional 15,879 shares during the last quarter. Institutional investors and hedge funds own 51.62% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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