The stock of First Financial Bankshares Inc (NASDAQ:FFIN) hit a new 52-week high and has $62.79 target or 61.00% above today’s $39.00 share price. The 9 months bullish chart indicates low risk for the $2.56B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $62.79 price target is reached, the company will be worth $1.56 billion 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. The stock increased 6.56% or $2.4 during the last trading session, hitting $39. About 376,741 shares traded hands or 140.71% up from the average. First Financial Bankshares Inc (NASDAQ:FFIN) has risen 30.67% since April 7, 2016 and is uptrending. It has outperformed by 25.89% the S&P500.
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 of First Financial Bankshares Inc (NASDAQ:FFIN) earned “Neutral” rating by Macquarie Research on Friday, October 23. Sandler O’Neill downgraded the stock to “Sell” rating in Friday, January 29 report.
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 dropped, 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.
Cornerstone Cap Management Ltd Liability Com has 15,324 shares for 0% of their US portfolio. Invesco Limited has 227,387 shares for 0% of their US portfolio. Blackrock Gp has 0% invested in the company for 79,895 shares. Guggenheim Capital Limited Liability Company has 0% invested in the company for 38,642 shares. Amer Century Inc accumulated 0.02% or 577,936 shares. The Minnesota-based Ameriprise Fincl has invested 0.01% in First Financial Bankshares Inc (NASDAQ:FFIN). State Of Tennessee Treasury Department has 52,630 shares for 0.01% of their US portfolio. Pub Employees Retirement Association Of Colorado has 0% invested in the company for 11,696 shares. D E Shaw And last reported 0% of its portfolio in the stock. Champlain Invest Prtnrs Ltd Limited Liability Company has 1.15 million shares for 0.65% of their US portfolio. Virginia Retirement Et Al owns 7,500 shares or 0% of their US portfolio. Amalgamated Commercial Bank has invested 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). Gemmer Asset Mgmt Llc reported 382 shares or 0.01% of all its holdings. Glenmede Trust Na accumulated 0% or 3,796 shares. Gsa Limited Liability Partnership has invested 0.05% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN).
More notable recent First Financial Bankshares Inc (NASDAQ:FFIN) news were published by: Prnewswire.com which released: “First Financial Bankshares Completes Acquisition Of First Bank, N.A.” on July 31, 2015, also Prnewswire.com with their article: “First Financial Bank Serves Community In First Company-Wide Day Of Service” published on October 11, 2016, Prnewswire.com published: “First Financial Bankshares Names Swearengin President Of Stephenville Region …” on January 22, 2016. More interesting news about First Financial Bankshares Inc (NASDAQ:FFIN) were released by: Prnewswire.com and their article: “First Financial Bank Announces Opening Of New Fort Worth Location At Forest …” published on June 02, 2016 as well as Prnewswire.com‘s news article titled: “First Technology Services, Inc. Promotes Jeff Casey To Executive Vice …” with publication date: September 07, 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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