BidaskClub cut shares of First Financial Bankshares (NASDAQ:FFIN) from a hold rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

A number of other research firms have also recently commented on FFIN. Zacks Investment Research cut shares of First Financial Bankshares from a hold rating to a sell rating in a research note on Tuesday, June 23rd. ValuEngine raised shares of First Financial Bankshares from a sell rating to a hold rating in a research note on Thursday, April 2nd. TheStreet raised shares of First Financial Bankshares from a c+ rating to a b- rating in a research note on Tuesday, June 9th. Finally, SunTrust Banks upped their price objective on shares of First Financial Bankshares from $27.00 to $29.00 and gave the company a hold rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of Hold and an average price target of $32.50.

FFIN stock opened at $27.96 on Friday. First Financial Bankshares has a one year low of $20.70 and a one year high of $36.45. The stock has a market cap of $3.82 billion, a PE ratio of 23.50 and a beta of 0.97. The firm has a 50 day simple moving average of $29.27 and a two-hundred day simple moving average of $30.43.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). First Financial Bankshares had a return on equity of 12.79% and a net margin of 36.96%. The company had revenue of $111.47 million during the quarter, compared to analysts’ expectations of $108.95 million. During the same period in the prior year, the firm earned $0.56 EPS. On average, sell-side analysts forecast that First Financial Bankshares will post 0.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 16th will be paid a $0.13 dividend. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%. First Financial Bankshares’s dividend payout ratio is 42.98%.

In other First Financial Bankshares news, Director Tucker S. Bridwell sold 23,206 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $26.32, for a total transaction of $610,781.92. Following the completion of the sale, the director now owns 68,386 shares of the company’s stock, valued at approximately $1,799,919.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director April Kaye Bullock Anthony purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $26.00 per share, with a total value of $130,000.00. Following the transaction, the director now directly owns 47,935 shares in the company, valued at $1,246,310. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 10,267 shares of company stock valued at $259,213 and have sold 63,206 shares valued at $1,836,182. Corporate insiders own 4.44% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in First Financial Bankshares by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 2,085,286 shares of the bank’s stock worth $55,969,000 after purchasing an additional 106,989 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Financial Bankshares by 0.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,774,762 shares of the bank’s stock worth $47,635,000 after purchasing an additional 6,777 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in First Financial Bankshares by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,663,371 shares of the bank’s stock worth $58,384,000 after purchasing an additional 70,464 shares in the last quarter. Norges Bank bought a new position in First Financial Bankshares in the 4th quarter worth $43,964,000. Finally, Wells Fargo & Company MN raised its holdings in First Financial Bankshares by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 800,254 shares of the bank’s stock worth $21,479,000 after purchasing an additional 4,598 shares in the last quarter. 49.38% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Short Selling

Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.