First Financial Bankshares (FFIN) Receiving Somewhat Positive News Coverage, Study Shows

Headlines about First Financial Bankshares (NASDAQ:FFIN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Financial Bankshares earned a news impact score of 0.08 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.627571120573 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of First Financial Bankshares (NASDAQ:FFIN) traded down $0.50 during midday trading on Friday, reaching $45.55. The company’s stock had a trading volume of 94,268 shares, compared to its average volume of 210,731. The stock has a market capitalization of $3,040.00, a P/E ratio of 27.27 and a beta of 1.40. First Financial Bankshares has a 1 year low of $36.85 and a 1 year high of $48.85.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $83.95 million during the quarter, compared to the consensus estimate of $89.87 million. First Financial Bankshares had a return on equity of 12.70% and a net margin of 33.51%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. sell-side analysts forecast that First Financial Bankshares will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 45.51%.

A number of research analysts have commented on FFIN shares. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 target price on shares of First Financial Bankshares in a research note on Tuesday, October 3rd. BidaskClub downgraded First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a research note on Friday, September 1st. Six research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $43.40.

In other news, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total transaction of $62,271.36. Following the completion of the sale, the director now owns 33,379 shares in the company, valued at approximately $1,519,412.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.

Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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