First Financial Bankshares Inc (NASDAQ:FFIN) – Stock analysts at SunTrust Banks boosted their Q3 2019 earnings estimates for shares of First Financial Bankshares in a research note issued on Monday, July 22nd, according to Zacks Investment Research. SunTrust Banks analyst J. Demba now anticipates that the bank will earn $0.31 per share for the quarter, up from their prior forecast of $0.30. SunTrust Banks also issued estimates for First Financial Bankshares’ Q2 2020 earnings at $0.31 EPS.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. First Financial Bankshares had a net margin of 38.62% and a return on equity of 14.82%. The company had revenue of $101.26 million for the quarter, compared to the consensus estimate of $99.90 million. During the same period in the prior year, the firm posted $0.49 EPS.
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Stephens restated a “hold” rating and issued a $30.00 target price on shares of First Financial Bankshares in a report on Friday, July 19th. ValuEngine cut shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Piper Jaffray Companies set a $27.00 target price on shares of First Financial Bankshares and gave the company a “hold” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.25.
Shares of NASDAQ:FFIN traded up $0.79 during trading hours on Thursday, reaching $31.15. The stock had a trading volume of 254,800 shares, compared to its average volume of 383,996. First Financial Bankshares has a 1 year low of $26.73 and a 1 year high of $33.43. The firm’s 50 day moving average is $31.12 and its 200-day moving average is $49.47. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 28.58 and a beta of 1.14.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of First Financial Bankshares by 102.7% in the 2nd quarter. BlackRock Inc. now owns 15,535,492 shares of the bank’s stock valued at $478,338,000 after buying an additional 7,870,372 shares in the last quarter. Vanguard Group Inc. boosted its stake in First Financial Bankshares by 100.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,831,607 shares of the bank’s stock worth $395,085,000 after purchasing an additional 6,422,789 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in First Financial Bankshares by 105.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,329,365 shares of the bank’s stock worth $102,511,000 after purchasing an additional 1,712,230 shares during the period. Northern Trust Corp boosted its stake in First Financial Bankshares by 103.0% during the 2nd quarter. Northern Trust Corp now owns 2,179,206 shares of the bank’s stock worth $67,098,000 after purchasing an additional 1,105,752 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in First Financial Bankshares by 100.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,623,044 shares of the bank’s stock worth $49,972,000 after purchasing an additional 814,611 shares during the period. Institutional investors and hedge funds own 55.53% 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.