The stock of First Financial Bankshares Inc (NASDAQ:FFIN) reached all time high today, Oct, 7 and still has $45.23 target or 23.00% above today’s $36.77 share price. This indicates more upside for the $2.43B company. This technical setup was reported by Barchart.com. If the $45.23 PT is reached, the company will be worth $558.90M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 30,210 shares traded hands. First Financial Bankshares Inc (NASDAQ:FFIN) has risen 27.85% since March 4, 2016 and is uptrending. It has outperformed by 19.81% the S&P500.
Analysts await First Financial Bankshares Inc (NASDAQ:FFIN) to report earnings on October, 27. They expect $0.41 earnings per share, up 2.50% or $0.01 from last year’s $0.4 per share. FFIN’s profit will be $27.10M for 22.42 P/E if the $0.41 EPS becomes a reality. After $0.41 actual earnings per share reported by First Financial Bankshares Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
First Financial Bankshares Inc (NASDAQ:FFIN) Ratings Coverage
Out of 5 analysts covering First Financial Bankshares (NASDAQ:FFIN), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. First Financial Bankshares has been the topic of 6 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, October 23 by Macquarie Research. The stock has “Sell” rating given by Sandler O’Neill on Friday, January 29.
According to Zacks Investment Research, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.25 in 2016 Q2. Its down 0.02, from 1.27 in 2016Q1. The ratio turned negative, 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.
California Public Employees Retirement Systems holds 0.01% or 148,700 shares in its portfolio. Great West Life Assurance Can holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 5,080 shares. Public Sector Pension Invest Board, a Quebec – Canada-based fund reported 46,440 shares. South Texas Money Mgmt Limited last reported 16,388 shares in the company. Moreover, Bokf Na has 0.01% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 10,441 shares. Blackrock Institutional Tru Na, a California-based fund reported 1.62 million shares. Bbva Compass Bankshares holds 0.04% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 14,778 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 20,589 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). Gemmer Asset Management Ltd Llc accumulated 0.01% or 382 shares. Moreover, Price T Rowe Associate Md has 0% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 19,268 shares. Vanguard Gp reported 5.06 million shares or 0.01% of all its holdings. Loomis Sayles & Limited Partnership has invested 0.04% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). Dimensional Fund Advisors Lp owns 744,035 shares or 0.01% of their US portfolio. The New York-based D E Shaw & Communications Inc has invested 0% in First Financial Bankshares Inc (NASDAQ:FFIN).
Insider Transactions: Since April 29, 2016, the stock had 1 buy, and 0 selling transactions for $32,450 net activity. $32,450 worth of First Financial Bankshares Inc (NASDAQ:FFIN) was bought by Smith Ross Henry Jr.
More notable recent First Financial Bankshares Inc (NASDAQ:FFIN) news were published by: Prnewswire.com which released: “First Technology Services, Inc. Promotes Jeff Casey To Executive Vice …” on September 07, 2016, also Prnewswire.com with their article: “First Financial Bankshares Completes Acquisition Of First Bank, N.A.” published on July 31, 2015, Prnewswire.com published: “First Financial Bankshares Promotes Longhofer to Executive Vice President” on August 12, 2015. More interesting news about First Financial Bankshares Inc (NASDAQ:FFIN) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: First Financial Bankshares, Washington REIT and American …” published on September 09, 2016 as well as Prnewswire.com‘s news article titled: “First Financial Bankshares Names Swearengin President Of Stephenville Region …” with publication date: January 22, 2016.
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.
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