After Achieving 52-Week High, Is First Financial Bankshares, Inc. (FFIN)’s Near-Term Analysis Positive?

April 26, 2018 - By Linda Rogers

First Financial Bankshares, Inc. (NASDAQ:FFIN) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.46, from 1.57 in 2017Q3. It dived, as 13 investors sold First Financial Bankshares, Inc. shares while 48 reduced holdings. 23 funds opened positions while 45 raised stakes. 34.46 million shares or 1.61% more from 33.92 million shares in 2017Q3 were reported.
Emerald Mutual Fund Advisers Trust invested 0.04% of its portfolio in First Financial Bankshares, Inc. (NASDAQ:FFIN). Nelson Van Denburg Campbell Wealth Management Group Llc accumulated 0.08% or 7,943 shares. Shelton Capital invested in 5,968 shares or 0.02% of the stock. Guggenheim Capital Ltd Liability holds 0% in First Financial Bankshares, Inc. (NASDAQ:FFIN) or 12,979 shares. Goldman Sachs Group Inc holds 1.62M shares. Tiaa Cref Inv Mngmt Limited Liability Company reported 0.01% in First Financial Bankshares, Inc. (NASDAQ:FFIN). Teachers Retirement Systems Of The State Of Kentucky owns 22,600 shares. Milestone Grp Inc Incorporated Inc holds 4,449 shares. Blackrock Inc owns 8.32M shares. 590,835 are held by Geode Management Ltd Liability. Ls Invest Advsr Ltd Liability Com reported 1,924 shares or 0.01% of all its holdings. Moreover, Envestnet Asset Inc has 0% invested in First Financial Bankshares, Inc. (NASDAQ:FFIN). Ahl Prns Ltd Liability Partnership, United Kingdom-based fund reported 18,803 shares. Manufacturers Life The reported 48,583 shares or 0% of all its holdings. Parkside National Bank And owns 16 shares or 0% of their US portfolio.

Since January 30, 2018, it had 2 insider buys, and 1 insider sale for $206,897 activity. 15,973 First Financial Bankshares, Inc. (NASDAQ:FFIN) shares with value of $756,641 were sold by BEAL STEVEN L.

The stock of First Financial Bankshares, Inc. (NASDAQ:FFIN) hit a new 52-week high and has $52.97 target or 5.00 % above today’s $50.45 share price. The 8 months bullish chart indicates low risk for the $3.41 billion company. The 1-year high was reported on Apr, 26 by Barchart.com. If the $52.97 price target is reached, the company will be worth $170.55 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.59% or $0.3 during the last trading session, reaching $50.45. About 34,781 shares traded. First Financial Bankshares, Inc. (NASDAQ:FFIN) has risen 19.22% since April 26, 2017 and is uptrending. It has outperformed by 7.67% the S&P500.

First Financial Bankshares, Inc. (NASDAQ:FFIN) Ratings Coverage

Among 6 analysts covering First Financial Bankshares (NASDAQ:FFIN), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. First Financial Bankshares had 12 analyst reports since December 21, 2017 according to SRatingsIntel. Stephens maintained the shares of FFIN in report on Monday, April 23 with “Hold” rating. Sandler O’Neill maintained First Financial Bankshares, Inc. (NASDAQ:FFIN) rating on Friday, April 20. Sandler O’Neill has “Sell” rating and $4100 target. The rating was maintained by Hovde Group with “Hold” on Friday, April 20. The stock of First Financial Bankshares, Inc. (NASDAQ:FFIN) earned “Hold” rating by SunTrust on Monday, April 23. The rating was maintained by Piper Jaffray on Monday, January 29 with “Hold”. Sandler O’Neill maintained it with “Sell” rating and $40.0 target in Friday, January 26 report. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. The rating was maintained by Hovde Group on Monday, January 29 with “Hold”. The company was maintained on Tuesday, January 30 by Stephens. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking services and products primarily in Texas. The company has market cap of $3.41 billion. The firm accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations. It has a 27.87 P/E ratio. It also provides automated teller machines, drive-in and night deposit, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, funds transmitting, and other customary commercial banking services.

First Financial Bankshares, Inc. (NASDAQ:FFIN) Institutional Positions Chart

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