Media stories about First Financial Bankshares (NASDAQ:FFIN) have trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bankshares earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 36 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- First Financial Bankshares, Inc. (NASDAQ:FFIN) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- First Financial Bankshares, Inc (NASDAQ:FFIN) Stock Traded 7.1% Above Its 50 Day Moving Average (highlightpress.com)
- First Financial Bankshares, Inc (NASDAQ:FFIN) Stock Closed 7.8% Above Its 50 Day Moving Average (highlightpress.com)
- First Financial Bankshares Inc (cote-ivoire.com)
- First Financial Bankshares, Inc (NASDAQ:FFIN) Stock Closed 7.5% Above Its 50 Day Average (highlightpress.com)
Shares of First Financial Bankshares (NASDAQ:FFIN) opened at 42.45 on Tuesday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 26.53 and a beta of 1.34. First Financial Bankshares has a one year low of $33.29 and a one year high of $46.70. The firm has a 50-day moving average of $40.39 and a 200 day moving average of $41.73.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $78.30 million for the quarter, compared to analyst estimates of $83.55 million. First Financial Bankshares had a return on equity of 12.32% and a net margin of 33.09%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities research analysts anticipate that First Financial Bankshares will post $1.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s dividend payout ratio is currently 47.50%.
A number of research analysts recently weighed in on FFIN shares. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Friday, June 9th. Hovde Group upgraded shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and set a $43.00 target price on the stock in a research report on Wednesday, March 22nd. Stephens reissued a “hold” rating on shares of First Financial Bankshares in a research note on Monday, April 24th. Finally, Keefe, Bruyette & Woods raised shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and raised their price target for the company from $37.00 to $38.00 in a report on Friday, April 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.33.
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In other news, Director David L. Copeland sold 684 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $38.00, for a total transaction of $25,992.00. Following the transaction, the director now owns 33,379 shares of the company’s stock, valued at $1,268,402. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Johnny Trotter bought 1,000 shares of the stock in a transaction on Thursday, June 1st. The shares were bought at an average price of $38.55 per share, with a total value of $38,550.00. Following the acquisition, the director now owns 388,938 shares of the company’s stock, valued at $14,993,559.90. The disclosure for this purchase can be found here. Insiders acquired a total of 3,230 shares of company stock worth $127,549 over the last 90 days. Corporate insiders own 5.40% of the company’s stock.
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.
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