Somewhat Favorable Press Coverage Somewhat Unlikely to Affect First Financial Bankshares (FFIN) Share Price

Media headlines about First Financial Bankshares (NASDAQ:FFIN) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Financial Bankshares earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.9700779996921 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

FFIN has been the topic of a number of research reports. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, April 10th. BidaskClub upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Friday, March 9th. ValuEngine upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of First Financial Bankshares in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.71.

Shares of First Financial Bankshares opened at $53.90 on Tuesday, MarketBeat Ratings reports. First Financial Bankshares has a 12 month low of $37.31 and a 12 month high of $56.35. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 31.71 and a beta of 1.25.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, April 19th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. First Financial Bankshares had a return on equity of 12.63% and a net margin of 36.61%. The company had revenue of $89.87 million for the quarter, compared to the consensus estimate of $89.40 million. During the same quarter last year, the company posted $0.40 earnings per share. equities research analysts forecast that First Financial Bankshares will post 2.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, June 14th. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio (DPR) is 49.41%.

In other First Financial Bankshares news, Director David L. Copeland sold 7,362 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $50.68, for a total transaction of $373,106.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald N. Giddiens sold 1,465 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $53.31, for a total value of $78,099.15. Following the transaction, the director now owns 13,747 shares in the company, valued at approximately $732,852.57. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,203 shares of company stock worth $64,087. Corporate insiders own 4.77% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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