First Financial Bankshares (FFIN) Earns Media Sentiment Rating of 0.13
News coverage about First Financial Bankshares (NASDAQ:FFIN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bankshares earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.7547831643713 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.
A number of analysts have weighed in on the company. Zacks Investment Research cut First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub cut First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Piper Jaffray Companies restated a “hold” rating and issued a $41.00 price target on shares of First Financial Bankshares in a research note on Friday. Finally, Stephens set a $39.00 price target on First Financial Bankshares and gave the company a “hold” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. First Financial Bankshares presently has a consensus rating of “Hold” and a consensus target price of $41.20.
Shares of First Financial Bankshares (NASDAQ FFIN) opened at 40.15 on Tuesday. First Financial Bankshares has a 1-year low of $35.00 and a 1-year high of $46.70. The firm has a market capitalization of $2.64 billion, a PE ratio of 24.75 and a beta of 1.36. The firm has a 50-day moving average price of $41.68 and a 200-day moving average price of $41.26.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $87.11 million. First Financial Bankshares had a net margin of 33.03% and a return on equity of 12.41%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, analysts forecast that First Financial Bankshares will post $1.70 EPS for the current fiscal year.
First Financial Bankshares declared that its Board of Directors has approved a stock repurchase program on Tuesday, July 25th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.19 dividend. 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 1.89%. First Financial Bankshares’s payout ratio is currently 46.91%.
In other news, Director Ronald N. Giddiens sold 1,000 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $41.00, for a total transaction of $41,000.00. Following the transaction, the director now owns 13,816 shares of the company’s stock, valued at $566,456. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.
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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