- Piper Sandler has lowered its price target for First Financial Bankshares (NASDAQ: FFIN) to $33.00 from $35.00.
- The company reported mixed third-quarter 2026 results, with revenue of $177.77 million slightly missing estimates by 0.65%, while EPS of $0.52 met expectations.
- First Financial Bankshares achieved a record quarterly net income of $74.31 million, attributed to a wider net interest margin.
The stock of First Financial Bankshares (NASDAQ: FFIN), a Texas-based banking company that serves individuals and businesses, recently saw its price target lowered. Piper Sandler, a leading investment bank, adjusted its price target for the stock to $33.00 from $35.00. It's important to remember that a price target is an analyst’s estimate of where a stock may trade, not a guarantee.
First Financial Bankshares trades at $30.47 when the update is posted, about 8.30% below Piper Sandler’s new target. The shares are down $1.12, or 3.55%, and trade between $30.40 and $32.08 during the day.
The revised target comes alongside mixed third-quarter 2026 results. Revenue rises 8.00% from a year earlier to $177.77 million but falls 0.65% short of the $178.93 million consensus estimate. Earnings per share reach $0.52, up from $0.36 a year earlier and in line with the estimate, as highlighted by Zacks Investment Research.
First Financial Bankshares reports record quarterly net income of $74.31 million, up from $52.27 million a year earlier. CEO David Bailey links the increase largely to a wider net interest margin—the difference between what the bank earns on loans and pays on deposits. The company also expects to open its first full-service Austin-area branch in Bee Cave later in October.
