On Friday, First Financial Bankshares, Inc. (NASDAQ: FFIN) opened higher 4.01% from the last session, before settling in for the closing price of $35.20. Price fluctuations for FFIN have ranged from $22.84 to $39.53 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 10.23%. Company’s average yearly earnings per share was noted 7.57% at the time writing. With a float of $137.26 million, this company’s outstanding shares have now reached $141.79 million.
Let’s determine the extent of company efficiency that accounts for 1500 employees. In terms of profitability, gross margin is 100.04%, operating margin of 39.21%, and the pretax margin is 37.68%.
First Financial Bankshares, Inc. (FFIN) Insider Activity
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of First Financial Bankshares, Inc. is 4.11%, while institutional ownership is 70.95%. The most recent insider transaction that took place on Jul 31 ’24, was worth 623,488. Before that another transaction happened on Jun 14 ’24, when Company’s Director bought 1,000 for $27.79, making the entire transaction worth $27,790. This insider now owns 943,371 shares in total.
First Financial Bankshares, Inc. (FFIN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.35 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.36) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.67% growth over the previous five years of trading.
First Financial Bankshares, Inc. (NASDAQ: FFIN) Trading Performance Indicators
Check out the current performance indicators for First Financial Bankshares, Inc. (FFIN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.57. Likewise, its price to free cash flow for the trailing twelve months is 20.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.41, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.62 in one year’s time.
Technical Analysis of First Financial Bankshares, Inc. (FFIN)
Looking closely at First Financial Bankshares, Inc. (NASDAQ: FFIN), its last 5-days average volume was 0.4 million, which is a drop from its year-to-date volume of 0.56 million. As of the previous 9 days, the stock’s Stochastic %D was 59.65%. Additionally, its Average True Range was 1.12.
During the past 100 days, First Financial Bankshares, Inc.’s (FFIN) raw stochastic average was set at 75.51%, which indicates a significant increase from 74.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.49% in the past 14 days, which was lower than the 31.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.03, while its 200-day Moving Average is $30.67. However, in the short run, First Financial Bankshares, Inc.’s stock first resistance to watch stands at $37.62. Second resistance stands at $38.62. The third major resistance level sits at $39.73. If the price goes on to break the first support level at $35.51, it is likely to go to the next support level at $34.40. Should the price break the second support level, the third support level stands at $33.40.
First Financial Bankshares, Inc. (NASDAQ: FFIN) Key Stats
There are currently 142,841K shares outstanding in the company with a market cap of 5.23 billion. Presently, the company’s annual sales total 636,070 K according to its annual income of 198,980 K. Last quarter, the company’s sales amounted to 184,940 K and its income totaled 52,490 K.
