November 29, 2016 - By Louis Casey
Trading of First Financial (NASDAQ:FFIN)‘s shares is going to be interesting today. Keefe Bruyette downgraded the stock from a “Mkt Perform” to a “Underperform”.
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 -25.17% below today’s ($44.1) stock price. First Financial Bankshares has been the topic of 7 analyst reports since July 17, 2015 according to StockzIntelligence Inc. On Friday, October 23 the stock rating was maintained by Macquarie Research with “Neutral”. The company was downgraded on Friday, January 29 by Sandler O’Neill. The stock of First Financial Bankshares Inc (NASDAQ:FFIN) earned “Underperform” rating by Hovde Group on Friday, November 18.
About 42,360 shares traded hands. 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 $25.94 million for 27.56 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 2016 Q2. 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.
Neuberger Berman Grp Incorporated Ltd Llc holds 0.17% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 3.83M shares. Commonwealth Equity Svcs owns 56,689 shares or 0.02% of their US portfolio. Moreover, Cambridge Investment Advisors has 0.01% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 19,230 shares. Loomis Sayles And Ltd Partnership last reported 0.04% of its portfolio in the stock. Capstone Asset Mngmt reported 21,322 shares or 0.02% of all its holdings. Vanguard Gp Incorporated Inc, a Pennsylvania-based fund reported 5.06 million shares. Next Group last reported 3,412 shares in the company. Citigroup holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 17,082 shares. American Century Cos holds 577,936 shares or 0.02% of its portfolio. Royal Bank & Trust Of Canada holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 215,756 shares. Moreover, Wells Fargo & Com Mn has 0% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 291,745 shares. State Street reported 1.48M shares or 0.01% of all its holdings. The Illinois-based Ubs Asset Americas Incorporated has invested 0% in First Financial Bankshares Inc (NASDAQ:FFIN). Moreover, Tiaa Cref Inv has 0.01% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 223,464 shares. Pub Employees Retirement Association Of Colorado reported 11,696 shares or 0% of all its holdings.
First Financial Bankshares, Inc. is a financial holding company. The company has a market cap of $2.86 billion. Through its subsidiaries, the Company conducts commercial banking business. It has a 33.04 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.”
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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By Louis Casey