First Financial Bankshares (NASDAQ:FFIN) Given a $27.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $27.00 target price on First Financial Bankshares (NASDAQ:FFIN) in a report released on Friday, TipRanks reports. The brokerage currently has a hold rating on the bank’s stock. Piper Jaffray Companies also issued estimates for First Financial Bankshares’ FY2019 earnings at $1.20 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.34 EPS and FY2020 earnings at $1.32 EPS.

Several other equities analysts have also commented on FFIN. ValuEngine raised Ultrapar Participacoes from a strong sell rating to a sell rating in a report on Tuesday, June 4th. Zacks Investment Research raised Falcon Minerals from a sell rating to a hold rating in a report on Monday. Stephens set a $89.00 target price on IBERIABANK and gave the company a buy rating in a report on Friday. Finally, BidaskClub raised WhiteHorse Finance from a sell rating to a hold rating in a report on Thursday, July 18th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of Hold and an average price target of $30.25.

First Financial Bankshares stock traded up $0.40 during midday trading on Friday, hitting $31.71. The stock had a trading volume of 401,643 shares, compared to its average volume of 761,320. The company has a market capitalization of $8.38 billion, a PE ratio of 29.09 and a beta of 1.16. First Financial Bankshares has a 12 month low of $26.73 and a 12 month high of $33.42. The business’s fifty day moving average is $30.21.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $101.26 million during the quarter, compared to analyst estimates of $99.90 million. First Financial Bankshares had a return on equity of 14.82% and a net margin of 38.62%. During the same period in the previous year, the company earned $0.49 earnings per share. On average, research analysts predict that First Financial Bankshares will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.04%.

In other news, Director David L. Copeland sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.68, for a total transaction of $308,400.00. Following the completion of the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at $2,102,917.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johnny Trotter bought 3,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were bought at an average cost of $61.61 per share, with a total value of $184,830.00. Following the completion of the acquisition, the director now directly owns 394,913 shares of the company’s stock, valued at approximately $24,330,589.93. The disclosure for this purchase can be found here. Insiders have bought 11,181 shares of company stock valued at $663,178 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of First Financial Bankshares by 7.4% during the fourth quarter. LPL Financial LLC now owns 3,753 shares of the bank’s stock worth $217,000 after buying an additional 258 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of First Financial Bankshares by 20.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock worth $127,000 after buying an additional 381 shares during the period. Quadrant Capital Group LLC boosted its position in shares of First Financial Bankshares by 767.3% during the first quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock worth $26,000 after buying an additional 399 shares during the period. Bank of Montreal Can boosted its position in shares of First Financial Bankshares by 7.6% during the first quarter. Bank of Montreal Can now owns 5,895 shares of the bank’s stock worth $341,000 after buying an additional 416 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of First Financial Bankshares by 11.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,132 shares of the bank’s stock worth $238,000 after buying an additional 419 shares during the period. Institutional investors and hedge funds own 55.53% of the company’s stock.

About First Financial Bankshares

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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