First Financial Bankshares (FFIN) Earning Somewhat Favorable News Coverage, Study Shows
Media stories about First Financial Bankshares (NASDAQ:FFIN) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.22 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.1139693514386 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Brokers Offer Predictions for First Financial Bankshares Inc’s Q1 2019 Earnings (FFIN) (americanbankingnews.com)
- First Financial Bankshares Inc (FFIN) Plans $0.19 Quarterly Dividend (americanbankingnews.com)
- Insider Selling: First Financial Bankshares Inc (FFIN) Director Sells 15,973 Shares of Stock (americanbankingnews.com)
- First Financial Bankshares (FFIN) Given a $46.00 Price Target by Hovde Group Analysts (americanbankingnews.com)
- First Financial Bankshares (FFIN) Stock Rating Reaffirmed by Sandler O’Neill (americanbankingnews.com)
FFIN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price objective on shares of First Financial Bankshares in a report on Friday, October 20th. SunTrust Banks reaffirmed a “hold” rating and set a $48.00 price objective on shares of First Financial Bankshares in a report on Tuesday, January 9th. Finally, Hovde Group set a $46.00 price objective on shares of First Financial Bankshares and gave the company a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $44.14.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The business had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $90.40 million. First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%. analysts anticipate that First Financial Bankshares will post 2.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.71%.
In other news, Director Steven L. Beal sold 15,973 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $47.37, for a total transaction of $756,641.01. Following the sale, the director now directly owns 1,465 shares in the company, valued at $69,397.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total value of $62,271.36. Following the sale, the director now owns 33,379 shares in the company, valued at $1,519,412.08. The disclosure for this sale can be found here. 5.04% of the stock is owned by corporate insiders.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. 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, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.
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