First Financial Bankshares (FFIN) Receives Daily Coverage Optimism Rating of 0.24

Media headlines about First Financial Bankshares (NASDAQ:FFIN) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Financial Bankshares earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.944912070411 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s analysis:

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First Financial Bankshares stock opened at $49.45 on Friday. The firm has a market cap of $3,341.58, a PE ratio of 28.26 and a beta of 1.27. First Financial Bankshares has a 1-year low of $37.31 and a 1-year high of $49.60.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 19th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. First Financial Bankshares had a net margin of 36.61% and a return on equity of 12.85%. The business had revenue of $89.87 million for the quarter, compared to the consensus estimate of $89.40 million. During the same quarter last year, the firm earned $0.40 EPS. sell-side analysts forecast that First Financial Bankshares will post 2.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a $0.19 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. First Financial Bankshares’s payout ratio is presently 44.71%.

A number of brokerages recently weighed in on FFIN. Zacks Investment Research cut shares of First Financial Bankshares from a “hold” rating to a “strong sell” rating in a report on Monday, March 12th. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 price objective on shares of First Financial Bankshares in a research note on Tuesday, February 27th. Hovde Group set a $46.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, January 29th. Finally, Sandler O’Neill reaffirmed a “sell” rating and issued a $40.00 price objective on shares of First Financial Bankshares in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.71.

In related news, Director Steven L. Beal sold 15,973 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total value of $756,641.01. Following the transaction, the director now directly owns 1,465 shares in the company, valued at approximately $69,397.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johnny Trotter bought 11,400 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $45.10 per share, for a total transaction of $514,140.00. Following the completion of the purchase, the director now directly owns 388,938 shares in the company, valued at approximately $17,541,103.80. The disclosure for this purchase can be found here. Company insiders own 4.77% of the company’s stock.

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About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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