First Financial Bankshares has been maintained with an Equal-Weight recommendation by Stephens & Co. The average one-year price target for the company is $31.72, indicating a potential upside of 36.97% from its current closing price of $23.16. Additionally, the projected annual revenue for First Financial Bankshares is expected to increase by 18.02% to reach $579 million, while the projected annual non-GAAP EPS is 1.75.
Furthermore, the company recently declared a regular quarterly dividend of $0.18 per share, with a dividend yield of 3.11%. The dividend payout ratio is 0.48, indicating that 48% of the company’s income is paid out in dividends. First Financial Bankshares has also demonstrated a 3-Year dividend growth rate of 0.38%, indicating an increase in dividend over time.
In terms of shareholders, there are 576 funds or institutions reporting positions in First Financial Bankshares. The largest shareholders include VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, IJH – iShares Core S&P Mid-Cap ETF, Kayne Anderson Rudnick Investment Management, and NAESX – Vanguard Small-Cap Index Fund Investor Shares. These shareholders have either increased or decreased their portfolio allocation in FFIN over the last quarter.
First Financial Bankshares, headquartered in Abilene, Texas, operates multiple banking regions with 78 locations in Texas. The company is also associated with First Financial Trust & Asset Management Company, N.A. and First Technology Services, Inc.
In conclusion, First Financial Bankshares has received an Equal-Weight recommendation with a potential upside in its stock price. The company has declared a regular quarterly dividend and has shown positive dividend growth over time. Shareholders, including large funds and institutions, have made changes in their portfolio allocation in the last quarter.
