Financial Analyst Maintains EqualWeight Rating for First Financial Bankshares
As of April 21, 2023, financial analyst Matt Olney from Stephens & Co. has maintained a rating of Equal-Weight for First Financial Bankshares (NASDAQ: FFIN). However, Olney has lowered the price target for the company from $34 to $32. First Financial Bankshares is a financial holding company that operates ten separate banks with 48 locations and 65 ATMs in Texas. These banks include First Financial Bank, N.A. in Abilene, Albany, Clyde, and Moran; First Financial Bank, N.A. in Eastland, Ranger, and Rising Star; First Financial Bank, N.A. in Cleburne, Burleson, Alvarado, and Midlothian; Hereford State Bank in Hereford; First Financial Bank, N.A. in Mineral Wells; San Angelo National Bank in San Angelo; and First Financial Bank, N.A. in Southlake, Bridgeport, Boyd, Decatur, Keller, and Trophy Club.
On the other hand, according to Markets Insider, First Financial Bankshares stock has a consensus rating of hold, based on an average rating of 0 buy ratings, one hold rating, and 0 sell ratings. Unfortunately, the search results do not provide the current stock price for First Financial Bankshares.
FFIN Stock Analysis: Positive Earnings Growth Forecast and Healthy Net Profit Margin
On April 21, 2023, FFIN (First Financial Bankshares Inc.) opened at $27.93, a decrease from the previous day’s close of $29.75. The stock had a day’s range of $27.61 to $28.98, with a total volume of 5,522 shares traded.
The market capitalization of FFIN is $4.2 billion, with a P/E ratio of 17.3. The earnings growth for the previous year was +2.81{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}, which is -3.25{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} for this year. However, the earnings growth for the next five years is expected to be +10.00{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}.
The net profit margin for FFIN is 41.38{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}, which is a good sign for investors as it indicates the company is generating a healthy profit.
FFIN belongs to the finance industry and significant banks. The company is headquartered in Abilene, Texas, with no executives to display.
FFIN was down by 0.37{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} for the day. The following reporting date for FFIN is July 20, 2023, and the EPS forecast for this quarter is $0.39.
In conclusion, FFIN has an optimistic earnings growth forecast for the next five years and a healthy net profit margin, which are positive signs for investors.
First Financial Bankshares Inc (FFIN) Predicted to See 18.12{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} Increase in Target Price by April 2023
As of April 21, 2023, First Financial Bankshares Inc (FFIN) has a median target price of 33.50, with a high estimate of 35.00 and a low estimate of 26.00, according to data from CNN Money. This represents an 18.12{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} increase from the last price of 28.36.
