For its third fiscal quarter (ending September 30), First Financial Bankshares Inc (NASDAQ: FFIN) has reported a 11% increase in E.P.S. from $0.35 a year ago to $0.39 in the current quarter. This result exceeded the consensus estimate of $0.39 by $0.00. For the latest four quarters through September 30, E.P.S. were $1.45 versus $1.48 for the same period a year ago — a decline of -2%.
Recent Price Action
On 10/17/24, First Financial Bankshares Inc (NASDAQ: FFIN) stock rose slightly by 0.3%, closing at $38.85. However, below average trading volume at 80% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FFIN is expected to continue to be an important Value Builder.
First Financial Bankshares has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. First Financial Bankshares has a slightly negative Appreciation Score of 32 but a good Power Rating of 78, and the Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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