First Financial Bankshares (FFIN) Receives Coverage Optimism Score of 0.07
News headlines about First Financial Bankshares (NASDAQ:FFIN) have trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Financial Bankshares earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.8857138829991 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FFIN has been the subject of several recent research reports. Piper Jaffray Companies reiterated a “hold” rating and set a $41.00 target price on shares of First Financial Bankshares in a report on Friday, July 21st. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, October 26th. BidaskClub downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price target on shares of First Financial Bankshares in a research report on Friday, October 20th. Finally, Stephens set a $39.00 price target on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.40.
Shares of First Financial Bankshares (NASDAQ FFIN) traded up $0.10 on Thursday, hitting $44.20. 131,990 shares of the company traded hands, compared to its average volume of 212,323. The company has a market capitalization of $2,930.50, a P/E ratio of 26.50 and a beta of 1.39. First Financial Bankshares has a 12 month low of $36.85 and a 12 month high of $47.90.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $83.95 million during the quarter, compared to the consensus estimate of $89.87 million. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. equities research analysts anticipate that First Financial Bankshares will post 1.71 EPS for the current year.
First Financial Bankshares announced that its board has approved a share repurchase program on Tuesday, July 25th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, December 15th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 45.51%.
First Financial Bankshares Company Profile
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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