First Financial Bankshares Inc. (NASDAQ: FFIN) Volatility Spurs A Quest For Clarity

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    The Vanguard Group, Inc. recently announced the acquisition of new stake in First Financial Bankshares Inc. (NASDAQ:FFIN). The institutional investor has increased its shareholding in the Financial company by 0.56% to 12.38 million shares with purchase of 68621.0 shares. This fresh investment now brings its stake to 8.71% valued currently at $379.21 million. In addition, SSgA Funds Management, Inc. raised its holdings by 6679.0 to 4.78 million shares. And Kayne Anderson Rudnick Investment. has lifted its position by 1.34% or 44103.0 shares – to 3.33 million shares.

    With over 0.51 million First Financial Bankshares Inc. (FFIN) shares trading Tuesday and a closing price of $27.81 on the day, the dollar volume was approximately $14.16 million. The shares have shown a negative weekly performance of -0.54% and its price on 07/07/20 lost nearly -2.01%. Currently, there are 142.12M common shares owned by the public and among those 135.85M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for FFIN have a consensus price objective of $25.80. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $22.00 should the stock experience a downside. Incidentally, analysts’ outlook for the First Financial Bankshares Inc. stock is 3.20 for the next 12 months. The average price target is -7.79% below its last price level and a downside to the estimated low will see the stock lose -26.41% over that period. But an upside of 4.1% will see the stock hit the forecast high price target while mean target price for the stock is $26.00.

    Insiders at the company have transacted a total of 101 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 70 of these insider trades were purchases, accounting for 376,780 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 901,857 shares.

    The top 3 mutual fund holders in First Financial Bankshares Inc. are Neuberger Berman Genesis Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF. Neuberger Berman Genesis Fund owns 3.76 million shares of the company’s stock, all valued at over $115.11 million. The company sold -0.14 million shares recently to bring their total holdings to about 2.65% of the shares outstanding. Vanguard Total Stock Market Index sold 32490.0 shares to see its total holdings shrink to 3.72 million shares valued at over $114.11 million and representing 2.62% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 7700.0 shares to bring its total holdings to over 3.7 million shares at a value of $113.3 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.60% of the shares outstanding.

    Shares of First Financial Bankshares Inc. (NASDAQ: FFIN) opened at $27.92, down -$0.46 from a prior closing price of $28.38. However, the script later closed the day at $27.81, down -2.01%. The company’s stock has a 5-day price change of -0.54% and 6.92% over the past three months. FFIN shares are trading -20.77% year to date (YTD), with the 12-month market performance down to -8.76% lower. It has a 12-month low price of $20.70 and touched a high of $36.45 over the same period. Currently, 0.51 million shares have been traded, compared to an average intraday trading volume of 695.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.68%, -3.63%, and -11.23% respectively.

    Institutional ownership of First Financial Bankshares Inc. (NASDAQ: FFIN) shares accounts for 56.30% of the company’s 142.12M shares outstanding. Mutual fund holders own 32.23%, while other institutional holders and individual stakeholders account for 7.91% and 18.27% respectively.

    It has a market capitalization of $3.93B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 23.39, while the earnings-per-share (ttm) stands at $1.19. The company has a PEG of 2.34 and a debt-to-equity ratio of 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.50% over the week and 4.55% over the month.

    Analysts forecast that First Financial Bankshares Inc. (FFIN) will achieve an EPS of $0.26 for the current quarter, $0.28 for the next quarter and $1.14 for 2021. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.31 a year ago. Earnings per share for the fiscal year are expected to increase by 9.60%, and 2.17% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 11.70% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate First Financial Bankshares Inc. (FFIN) as a “Hold” at a consensus score of 3.20. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the FFIN, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on October 16, 2018, with the firm’s price target at $60. Keefe Bruyette coverage for the First Financial Bankshares Inc. (FFIN) stock in a research note released on April 21, 2017 offered a Mkt Perform rating with a price target of. Hovde Group was of a view on March 22, 2017 that the stock is Market Perform, while Keefe Bruyette gave the stock Underperform rating on November 29, 2016. Hovde Group on their part issued Underperform rating on November 18, 2016.

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