Somewhat Positive News Coverage Somewhat Unlikely to Impact First Financial Bankshares (FFIN) Share Price
Media coverage about First Financial Bankshares (NASDAQ:FFIN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Financial Bankshares earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.8598164008692 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- First Financial Bankshares, Inc. (FFIN) Short Interest Update (americanbankingnews.com)
- First Financial Bankshares, Inc. (Texas) breached its 50 day moving average in a Bearish Manner : FFIN-US : August 10, 2017 (finance.yahoo.com)
- Neuberger Berman Group LLC Marginally Lowers Its Investment in First Financial Bankshares, Inc (FFIN) Stock Last Quarter (highlightpress.com)
- Neuberger Berman Group LLC Sells A Little More First Financial Bankshares, Inc (FFIN) Stock In The Last Quarter (highlightpress.com)
Several analysts have weighed in on FFIN shares. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Friday, June 9th. Keefe, Bruyette & Woods raised First Financial Bankshares from an “underperform” rating to a “market perform” rating and upped their target price for the company from $37.00 to $38.00 in a report on Friday, April 21st. BidaskClub raised First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a report on Friday, July 21st. Finally, Stephens reissued a “hold” rating on shares of First Financial Bankshares in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.00.
First Financial Bankshares (FFIN) traded down 0.98% during mid-day trading on Friday, hitting $40.35. The company had a trading volume of 164,599 shares. The company has a market cap of $2.65 billion, a PE ratio of 24.88 and a beta of 1.34. First Financial Bankshares has a one year low of $34.60 and a one year high of $46.70. The company’s 50 day moving average price is $42.99 and its 200-day moving average price is $41.50.
First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $87.11 million. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts anticipate that First Financial Bankshares will post $1.70 EPS for the current fiscal year.
First Financial Bankshares declared that its Board of Directors has authorized a share repurchase plan on Tuesday, July 25th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, September 14th. First Financial Bankshares’s payout ratio is 46.91%.
In other news, Director David L. Copeland sold 684 shares of First Financial Bankshares stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $38.00, for a total transaction of $25,992.00. Following the transaction, the director now owns 33,379 shares in the company, valued at $1,268,402. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald N. Giddiens sold 1,000 shares of First Financial Bankshares stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.00, for a total value of $41,000.00. Following the transaction, the director now owns 13,816 shares in the company, valued at approximately $566,456. The disclosure for this sale can be found here. Insiders own 5.04% of the company’s stock.
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About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
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