Somewhat Positive News Coverage Somewhat Unlikely to Impact First Financial Bankshares (FFIN) Stock Price
Press coverage about First Financial Bankshares (NASDAQ:FFIN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Financial Bankshares earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.3792296954744 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- First Financial Bankshares : Bank Serves Community In Second Annual Company-Wide Day of Service (4-traders.com)
- First Financial Bankshares, Inc. (FFIN) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- First Financial Bank Serves Community In Second Annual Company-Wide Day of Service (finance.yahoo.com)
- First Financial Bankshares, Inc. (FFIN) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- MutualFirst Financial Inc. (MFSF) Reports Acquisition of Universal Bancorp for $65.6M (streetinsider.com)
Shares of First Financial Bankshares (NASDAQ FFIN) opened at 45.80 on Wednesday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 28.24 and a beta of 1.38. First Financial Bankshares has a 12-month low of $35.05 and a 12-month high of $46.70. The firm has a 50-day moving average price of $41.87 and a 200-day moving average price of $41.16.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $82.25 million for the quarter, compared to the consensus estimate of $87.11 million. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts anticipate that First Financial Bankshares will post $1.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Thursday, September 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.91%.
First Financial Bankshares declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 25th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently commented on FFIN. Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price objective on shares of First Financial Bankshares in a report on Tuesday, October 3rd. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating and set a $41.00 price objective on shares of First Financial Bankshares in a report on Friday, September 1st. BidaskClub lowered First Financial Bankshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Stephens set a $39.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.00.
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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