Rating Coverage: Keefe Bruyette & Woods Gives First Financial Bankshares (NASDAQ:FFIN) Lower Rating. What Is Next?

November 29, 2016 - By Peter Kolinski

Rating Coverage: Keefe Bruyette & Woods Gives First Financial Bankshares (NASDAQ:FFIN) Lower Rating. What Is Next?

First Financial Bankshares (NASDAQ:FFIN) Downgrade

Keefe Bruyette & Woods cut First Financial Bankshares (NASDAQ:FFIN)‘s stock to a “Underperform” rating from a “Market Perform”. This rating change was issued to clients in a a report today.

First Financial Bankshares Inc (NASDAQ:FFIN) Ratings Coverage

Out of 6 analysts covering First Financial Bankshares (NASDAQ:FFIN), 0 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 0 are positive. $43 is the highest target while $27 is the lowest. The $33 average target is -25.09% below today’s ($44.05) stock price. First Financial Bankshares has been the topic of 7 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The rating was maintained by Macquarie Research with “Neutral” on Friday, October 23. On Friday, November 18 the stock rating was downgraded by Hovde Group to “Underperform”. Sandler O’Neill downgraded the stock to “Sell” rating in Friday, January 29 report.

About 234,114 shares traded hands or 4.20% up from the average. First Financial Bankshares Inc (NASDAQ:FFIN) has risen 36.71% since April 26, 2016 and is uptrending. It has outperformed by 31.45% the S&P500.

Analysts await First Financial Bankshares Inc (NASDAQ:FFIN) to report earnings on January, 26. They expect $0.40 EPS, up 5.26% or $0.02 from last year’s $0.38 per share. FFIN’s profit will be $25.88M for 27.53 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by First Financial Bankshares Inc for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.18, from 1.25 in 2016Q1. The ratio increased, as 9 funds sold all First Financial Bankshares Inc shares owned while 35 reduced positions. 8 funds bought stakes while 47 increased positions. They now own 30.08 million shares or 1.19% less from 30.44 million shares in 2016Q1.

Vanguard Group Inc holds 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 5.06 million shares. D E Shaw And reported 51,665 shares or 0% of all its holdings. Bb&T Secs Limited Liability Company holds 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 10,387 shares. Moreover, Legal And General Plc has 0% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 14,837 shares. Geode Mngmt Limited Liability Corp owns 481,259 shares or 0.01% of their US portfolio. Ameriprise Financial reported 319,952 shares or 0.01% of all its holdings. South Texas Money Management Limited reported 16,388 shares or 0.03% of all its holdings. State Board Of Administration Of Florida Retirement has 0.01% invested in the company for 53,752 shares. Bokf Na last reported 10,441 shares in the company. Pinebridge Invs Lp holds 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 8,377 shares. The Massachusetts-based Loomis Sayles L P has invested 0.04% in First Financial Bankshares Inc (NASDAQ:FFIN). Pnc Financial Svcs Grp holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 381 shares. Proshare Ltd Liability last reported 18,808 shares in the company. Northern Trust Corporation accumulated 759,319 shares or 0.01% of the stock. Prudential Financial has 0.01% invested in the company for 160,072 shares.

First Financial Bankshares, Inc. is a financial holding company. The company has a market cap of $2.85 billion. Through its subsidiaries, the Company conducts commercial banking business. It has a 33.01 P/E ratio. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.

According to Zacks Investment Research, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company.”

FFIN Company Profile

First Financial Bankshares, Inc., incorporated on March 30, 1956, is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company’s subsidiaries include 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. The Company’s banking centers are located in Central, North Central, Southeast and West Texas. The Firm has approximately 70 financial centers across Texas, with over 10 locations in Abilene, approximately three locations in San Angelo and Weatherford, over two locations in Cleburne, Conroe, Huntsville, Stephenville and Granbury, and one location each in Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Clyde, Cut and Shoot, Decatur, Eastland, Fort Worth, Glen Rose, Grapevine, Hereford, Keller, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, Southlake, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Willis and Willow Park.

More news for First Financial Bankshares Inc (NASDAQ:FFIN) were recently published by: Prnewswire.com, which released: “First Financial Bankshares Names Swearengin President Of Stephenville Region …” on January 22, 2016. Prnewswire.com‘s article titled: “First Financial Bank Serves Community In First Company-Wide Day Of Service” and published on October 11, 2016 is yet another important article.

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