Truist Financial has raised its price target for First Financial Bankshares from $39.00 to $40.00, maintaining a “hold” rating as of September 20th.
Read Our Latest Report on First Financial Bankshares
First Financial Bankshares Price Overview
NASDAQ:FFIN opened at $38.40 on Friday. The stock has ranged from a low of $22.84 to a high of $39.53 over the past year. Its 50-day average price is $36.44, and the 200-day average price is $33.00. The company’s market cap is $5.49 billion, with a P/E ratio of 27.43 and a beta of 0.78.
First Financial Bankshares reported earnings on July 18th, with $0.37 earnings per share, slightly exceeding the expected $0.36. The bank achieved a net margin of 29.13% and a return on equity of 14.01%. Revenue for the quarter was $184.94 million, surpassing the expected $134.10 million.
Investor Activity
Several major investors have recently changed their stakes in First Financial Bankshares. Vanguard Group increased its holdings by 3.4%, now owning 14.96 million shares. SG Americas Securities raised its stake by 480.0%, holding 39,602 shares. Other investors include the Ontario Teachers Pension Plan Board and Bridges Investment Management, among others. Currently, 69.78% of shares are held by institutional investors.
Company Profile
First Financial Bankshares, Inc. offers commercial banking services in Texas, including checking and savings accounts, ATMs, online banking, and trust management services.
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