First Financial Bankshares Inc (NASDAQ: FFIN) has reported E.P.S. of $0.37 for its second fiscal quarter (ending June 30) versus $0.36 for the same period a year ago — an increase of 3%. This result exceeded the consensus estimate of $0.36 by $0.01. For the latest four quarters through June 30, E.P.S. were $1.41 versus $1.55 for the same period a year ago — a decline of -9%.
Recent Price Action
First Financial Bankshares Inc (NASDAQ: FFIN) stock declined slightly by -0.5% on 7/18/24. The stock closed at $34.81. Moreover, this decline was accompanied by exceptionally high trading volume at 219% of normal. The stock has been strong relative to the market over the last nine months and has risen 17.5% 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 36 but a slightly positive Power Rating of 62, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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