First Financial Bankshares (FFIN) Receives Coverage Optimism Score of 0.16
Media stories about First Financial Bankshares (NASDAQ:FFIN) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bankshares earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.8732228960757 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- ETFs with exposure to First Financial Bankshares, Inc. (Texas) : September 9, 2017 (finance.yahoo.com)
- First Financial Bankshares (FFIN) Passes Through 2% Yield Mark (nasdaq.com)
- First Financial Bankshares, Inc. (FFIN) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- First Financial back in business along Texas Gulf Coast (reporternews.com)
- First Financial Bankshares Inc (FFIN) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
FFIN has been the subject of a number of research reports. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $41.00 price target on shares of First Financial Bankshares in a report on Friday, September 1st. Stephens set a $39.00 price target on First Financial Bankshares and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.80.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 37.75 on Monday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 23.27 and a beta of 1.36. The company has a 50 day moving average price of $41.14 and a 200-day moving average price of $41.11. First Financial Bankshares has a one year low of $35.00 and a one year high of $46.70.
First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. First Financial Bankshares had a net margin of 33.03% and a return on equity of 12.41%. The firm had revenue of $82.25 million during the quarter, compared to the consensus estimate of $87.11 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts predict that First Financial Bankshares will post $1.70 earnings per share for the current fiscal year.
First Financial Bankshares announced that its board has authorized a stock buyback plan on Tuesday, July 25th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.76 annualized dividend and a yield of 2.01%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.91%.
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First Financial Bankshares Company Profile
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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