On September 20th, Truist Financial raised the price target for First Financial Bankshares from $39.00 to $40.00 and rated it as a “hold.”
Read Our Latest Report on First Financial Bankshares
First Financial Bankshares Stock Overview
The stock opened at $38.40 on Friday. It has a yearly low of $22.84 and a high of $39.53. Current averages are $36.44 over 50 days and $33.00 over 200 days. The market cap is $5.49 billion, with a P/E ratio of 27.43 and a beta of 0.78.
First Financial Bankshares (NASDAQ: FFIN) reported earnings on July 18th, with $0.37 per share, exceeding estimates of $0.36. Revenue for the quarter was $184.94 million, surpassing expectations of $134.10 million. Analysts expect an EPS of 1.52 for the year.
Investors in First Financial Bankshares
Institutional investors have increased their positions recently. Vanguard raised its stake by 3.4% to 14,956,322 shares valued at $490.7 million. SG Americas increased its stake by 480% to $1.17 million. Other investors include the Ontario Teachers Pension Plan and Bank of New York Mellon Corp, with 69.78% of shares held by institutions.
About First Financial Bankshares
First Financial Bankshares, through its subsidiaries, offers commercial banking services in Texas, including checking and savings accounts, ATMs, wealth management, and trust services.
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