First Financial Bankshares (NASDAQ: FFIN) stock rating lowered by Zacks Investment Research

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First Financial Bankshares (NASDAQ: FFIN) has been downgraded from Zacks investment research from a “buy” note to a “hold” note in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “

Separately, Truist raised its price target for First Financial Bankshares shares from $ 47.00 to $ 52.00 in a report released on Tuesday, April 27.

FFIN actions traded at $ 1.02 at midday Monday, reaching $ 48.70. 713,411 shares of the company were traded, for an average volume of 504,583. The company has a market cap of $ 6.93 billion, a P / E ratio of 31.22 and a beta of 0.90. First Financial Bankshares has a twelve month low of $ 26.71 and a twelve month high of $ 52.49. The fifty-day moving average for the stock is $ 49.75.

First Financial Bankshares (NASDAQ: FFIN) last reported quarterly results on Wednesday, April 21. The bank reported earnings of $ 0.40 per share for the quarter, beating the consensus estimate of $ 0.37 of $ 0.03 by Thomson Reuters. The company posted revenue of $ 127.25 million in the quarter, compared to $ 125.18 million according to analysts’ estimates. First Financial Bankshares had a net margin of 43.24% and a return on equity of 13.55%. Equity research analysts predict that First Financial Bankshares will post 1.53 earnings per share for the current fiscal year.

Separately, director Murray Hamilton Edwards bought 29,765 shares of the company in a transaction on Tuesday, June 1. The shares were purchased at an average cost of $ 50.85 per share, for a total transaction of $ 1,513,550.25. As a result of the transaction, the Director now owns 160,652 shares of the company, valued at $ 8,169,154.20. The purchase was disclosed in a legal file with the Securities & Exchange Commission, accessible via the SEC website. In addition, CEO F Scott Dueser sold 20,000 shares of First Financial Bankshares in a trade that took place on Wednesday, June 9. The stock was sold at an average price of $ 51.58, for a total trade of $ 1,031,600.00. Disclosure of this sale can be found here. Insiders have acquired a total of 30,932 shares of the company valued at $ 1,571,673 during the past 90 days. 4.20% of the capital is held by insiders.

Several institutional investors and hedge funds have recently changed their positions in FFIN. Lazard Asset Management LLC purchased a new position in First Financial Bankshares shares in the fourth quarter valued at approximately $ 28,000. Point72 Hong Kong Ltd increased its position in shares of First Financial Bankshares by 136.9% in the first quarter. Point72 Hong Kong Ltd now owns 694 shares of the bank valued at $ 32,000 after acquiring 401 more shares in the last quarter. Harvest Fund Management Co. Ltd. purchased a new position in First Financial Bankshares shares in the first quarter valued at approximately $ 33,000. Van ECK Associates Corp bought a new position in First Financial Bankshares shares in the first quarter valued at approximately $ 33,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in First Financial Bankshares shares in the first quarter valued at approximately $ 47,000. 52.59% of the shares are currently held by institutional investors.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking accounts, savings accounts, money market accounts and term deposits; and provides real estate, commercial, agricultural and consumer loans to businesses, professionals, individuals and farms and ranches.

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