Analysts Are Neutral on These Financial Stocks: First Financial Bankshares (FFIN), Preferred Bank (PFBC)


Analysts fell to the sidelines weighing in on First Financial Bankshares (FFIN) and Preferred Bank (PFBC) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

First Financial Bankshares (FFIN)

In a report released today, Matt Olney from Stephens maintained a Hold rating on First Financial Bankshares, with a price target of $57. The company’s shares closed on Thursday at $60.28.

Olney said:

“We view operating EPS as $0.57 (ex pension plan settlement), above consensus forecasts of $0.56. PPNR of $47.5 million was below consensus forecast of $48.4 million but was offset by an LLP expense beat of $600K due to credit improvement. Our rating is Equal-Weight.”

According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.4% and a 45.2% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

First Financial Bankshares has an analyst consensus of Hold, with a price target consensus of $57.

See today’s analyst top recommended stocks >>

Preferred Bank (PFBC)

In a report released today, Tyler Stafford from Stephens reiterated a Hold rating on Preferred Bank, with a price target of $52. The company’s shares closed on Thursday at $46.65.

Stafford noted:

“We expect focus will remain on deposit cost pressures and the ultimate trajectory of the NIM over the near-term and reiterate our Equal-Weight rating. KEY POINTS: EPS Update. PFBC reported Op. EPS of $1.23, in-line with our estimate but a slight miss to Street of $1.24. A higher than expected tax rate drove a -$0.03 EPS in the quarter vs. our estimates ($-0.04 vs. Street). We are adjusting our 2019 and 2020 EPS estimates to $5.14 and $5.19 (was $5.06 and $5.09).”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.2% and a 56.4% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Preferred Bank with a $52 average price target.

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