The stock of First Financial Bankshares Inc (NASDAQ:FFIN) hit a new 52-week high and has $48.66 target or 34.00% above today’s $36.31 share price. The 8 months bullish chart indicates low risk for the $2.40B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $48.66 price target is reached, the company will be worth $816.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 23,640 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 EPS, up 2.50% or $0.01 from last year’s $0.4 per share. FFIN’s profit will be $27.10M for 22.14 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS 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 stock has “Sell” rating given by Sandler O’Neill on Friday, January 29. The stock of First Financial Bankshares Inc (NASDAQ:FFIN) has “Neutral” rating given on Friday, October 23 by Macquarie Research.
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 fall, 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.
Manufacturers Life Insur The holds 43,360 shares or 0% of its portfolio. Ls Inv Advisors Ltd Liability Corporation has invested 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). The Georgia-based Voya Management Ltd Liability Corp has invested 0% in First Financial Bankshares Inc (NASDAQ:FFIN). Blackrock Group Inc holds 0% or 79,895 shares in its portfolio. Legal General Gru Public Limited Liability Co, a United Kingdom-based fund reported 14,837 shares. Kayne Anderson Rudnick Investment Mngmt Limited Liability Company has 0.53% invested in the company for 1.07M shares. Victory Capital Mgmt accumulated 3,135 shares or 0% of the stock. Tiaa Cref Tru Fsb Mo owns 17,949 shares or 0.01% of their US portfolio. Amalgamated Bancorp last reported 7,479 shares in the company. The Virginia-based Bb&T Limited Liability has invested 0.01% in First Financial Bankshares Inc (NASDAQ:FFIN). Credit Suisse Ag reported 46,294 shares or 0% of all its holdings. First Trust Advisors Limited Partnership last reported 76,481 shares in the company. Creative Planning last reported 36,251 shares in the company. Deutsche Comml Bank Ag holds 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN) for 82,311 shares. Tci Wealth Advisors Inc last reported 328 shares in the company.
Insider Transactions: Since April 29, 2016, the stock had 1 insider buy, and 0 sales 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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