First Financial Bankshares (FFIN) Getting Somewhat Favorable Press Coverage, Accern Reports
Media stories about First Financial Bankshares (NASDAQ:FFIN) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Financial Bankshares earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.3101208317344 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 39.85 on Wednesday. The stock’s 50 day moving average is $42.16 and its 200 day moving average is $41.34. The company has a market cap of $2.62 billion, a PE ratio of 24.57 and a beta of 1.34. First Financial Bankshares has a 52-week low of $35.00 and a 52-week high of $46.70.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $87.11 million. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. First Financial Bankshares’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities analysts forecast that First Financial Bankshares will post $1.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.91%. First Financial Bankshares’s payout ratio is 46.91%.
First Financial Bankshares announced that its board has approved a share buyback program on Tuesday, July 25th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
Several equities analysts have weighed in on FFIN shares. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Friday, June 9th. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $41.00 price target on shares of First Financial Bankshares in a report on Friday, July 21st. Finally, Stephens set a $39.00 price target on shares of First Financial Bankshares and gave the company a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.20.
In other First Financial Bankshares news, Director Ronald N. Giddiens sold 1,000 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. Following the sale, the director now directly owns 13,816 shares in the company, valued at $566,456. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.
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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