The stock of First Financial Bankshares Inc (NASDAQ:FFIN) reached all time high today, Nov, 10 and still has $62.12 target or 53.00% above today’s $40.60 share price. This indicates more upside for the $2.86B company. This technical setup was reported by Barchart.com. If the $62.12 PT is reached, the company will be worth $1.52 billion 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 69,992 shares traded hands. First Financial Bankshares Inc (NASDAQ:FFIN) has risen 38.15% since April 8, 2016 and is uptrending. It has outperformed by 32.50% 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 company was maintained on Friday, October 23 by Macquarie Research. On Friday, January 29 the stock rating was downgraded by Sandler O’Neill to “Sell”.
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 Q2 2016. Its down 0.02, from 1.27 in 2016Q1. The ratio dived, 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.
Blackrock Incorporated last reported 10,584 shares in the company. Wells Fargo Mn, a California-based fund reported 291,745 shares. Morgan Stanley has invested 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). American Grp Inc Inc has 0% invested in the company for 47,880 shares. Parametric Portfolio Associates Lc has invested 0% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). Moreover, Price T Rowe Assoc Md has 0% invested in First Financial Bankshares Inc (NASDAQ:FFIN) for 19,268 shares. Amer Century Incorporated last reported 577,936 shares in the company. Amalgamated Commercial Bank has invested 0.01% of its portfolio in First Financial Bankshares Inc (NASDAQ:FFIN). Next Fin Grp Inc Inc accumulated 0.04% or 3,412 shares. Teachers Retirement Sys Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Bokf Na owns 10,441 shares or 0.01% of their US portfolio. Champlain Inv Llc, a Us-based fund reported 1.15M shares. Cornerstone Mgmt Holdings Lc accumulated 15,324 shares or 0% of the stock. Arizona State Retirement Sys, a Arizona-based fund reported 34,260 shares. Schwab Charles Investment Management Inc holds 0.01% or 271,686 shares in its portfolio.
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 Technology Services, Inc. Promotes Jeff Casey To Executive Vice …” published on September 07, 2016 as well as Prnewswire.com‘s news article titled: “First Financial Bank Announces Opening Of New Fort Worth Location At Forest …” with publication date: June 02, 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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