Ratings Change: Does First Financial Bankshares (NASDAQ:FFIN) Look Bad? KBW Downgrades It

November 30, 2016 - By whatsonthorold

Ratings Change: Does First Financial Bankshares (NASDAQ:FFIN) Look Bad? KBW Downgrades It

First Financial Bankshares (NASDAQ:FFIN) Downgrade

Equity research analysts at KBW’s equities research division cut First Financial Bankshares (NASDAQ:FFIN)‘s stock rating from Mkt Perform to Underperform on Tuesday morning.

First Financial Bankshares Inc (NASDAQ:FFIN) Ratings Coverage

Out of 6 analysts covering First Financial Bankshares (NASDAQ:FFIN), 0 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 0 are positive. $43 is the highest target while $27 is the lowest. The $33 average target is -25.00% below today’s ($44) stock price. First Financial Bankshares has been the topic of 8 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Friday, January 29 by Sandler O’Neill. The company was downgraded on Friday, November 18 by Hovde Group. The stock of First Financial Bankshares Inc (NASDAQ:FFIN) earned “Neutral” rating by Macquarie Research on Friday, October 23. The firm has “Underperform” rating by Keefe Bruyette & Woods given on Tuesday, November 29.

The stock decreased 1.46% or $0.65 during the last trading session, hitting $44. First Financial Bankshares Inc (NASDAQ:FFIN) has risen 34.11% since April 27, 2016 and is uptrending. It has outperformed by 28.88% the S&P500.

Analysts await First Financial Bankshares Inc (NASDAQ:FFIN) to report earnings on January, 26. They expect $0.40 earnings per share, up 5.26% or $0.02 from last year’s $0.38 per share. FFIN’s profit will be $25.91M for 27.50 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share 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 is positive, 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.

Citigroup holds 0% or 17,082 shares in its portfolio. Thrivent Fincl For Lutherans has invested 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). State Of Tennessee Treasury Department has 52,630 shares for 0.01% of their US portfolio. Financial Mgmt Professionals reported 2,784 shares or 0.05% of all its holdings. Ameriprise Financial Inc holds 0.01% or 319,952 shares in its portfolio. Gsa Prtnrs Llp has 26,200 shares for 0.05% of their US portfolio. The Ontario – Canada-based National Bank & Trust Of Montreal Can has invested 0% in First Financial Bankshares Inc (NASDAQ:FFIN). Invesco Limited accumulated 227,387 shares or 0% of the stock. Tiaa Cref Tru Fsb Mo has 0.01% invested in the company for 17,949 shares. New York State Common Retirement Fund reported 79,800 shares or 0% of all its holdings. Strs Ohio owns 4,300 shares or 0% of their US portfolio. Capstone Asset holds 0.02% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 21,322 shares. Proshare Lc, a Maryland-based fund reported 18,808 shares. Fca Corp Tx holds 0.12% or 6,900 shares in its portfolio. Hancock Communication has 0.42% invested in the company for 304,560 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 32.97 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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