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

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First Financial Bankshares (NASDAQ:FFIN) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

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

First Financial Bankshares stock traded down $0.10 on Friday, hitting $34.42. 189,900 shares of the stock traded hands, compared to its average volume of 624,288. The firm has a market cap of $4.77 billion, a P/E ratio of 31.58 and a beta of 1.15. The business’s fifty day simple moving average is $33.96 and its 200 day simple moving average is $37.22. First Financial Bankshares has a 1 year low of $26.73 and a 1 year high of $35.86.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $102.88 million during the quarter, compared to analyst estimates of $102.20 million. First Financial Bankshares had a return on equity of 14.40% and a net margin of 38.59%. During the same quarter last year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that First Financial Bankshares will post 1.21 EPS for the current year.

In other news, Director Michael B. Denny acquired 1,500 shares of the stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $34.77 per share, with a total value of $52,155.00. Following the completion of the transaction, the director now owns 1,974 shares of the company’s stock, valued at approximately $68,635.98. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have acquired 2,260 shares of company stock valued at $78,890 in the last three months. Insiders own 4.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Mutual Advisors LLC increased its holdings in shares of First Financial Bankshares by 1.5% during the third quarter. Mutual Advisors LLC now owns 20,196 shares of the bank’s stock valued at $673,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of First Financial Bankshares by 0.4% during the third quarter. Texas Permanent School Fund now owns 92,437 shares of the bank’s stock valued at $3,081,000 after acquiring an additional 340 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of First Financial Bankshares by 90.0% during the third quarter. Nisa Investment Advisors LLC now owns 950 shares of the bank’s stock valued at $32,000 after acquiring an additional 450 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Financial Bankshares by 7.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,794 shares of the bank’s stock valued at $226,000 after acquiring an additional 498 shares in the last quarter. Finally, First Command Financial Services Inc. increased its holdings in shares of First Financial Bankshares by 100.0% during the second quarter. First Command Financial Services Inc. now owns 1,048 shares of the bank’s stock valued at $32,000 after acquiring an additional 524 shares in the last quarter. Hedge funds and other institutional investors 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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