Analysts fell to the sidelines weighing in on First Financial Bankshares (FFIN) and Umpqua Holdings (UMPQ) 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 $30. The company’s shares closed on Friday at $30.86.
Olney said:
“We remain optimistic that FFIN could announce an acquisition in 2H19 that would be accretive to EPS given its excess capital (TCE of 12.7%) and strong valuation (4.2x tbv). We maintain our Equal-Weight rating and our $30 price target. KEY Operating EPS Beat; Tweaking Our Forecasts. FFIN reported 2Q19 GAAP EPS of $0.31, which included a $600K gain on sale of securities. Excluding this non-core item, we calculate an operating EPS of $0.30, modestly above our forecast and consensus forecast of $0.29. Soft NII trends and heavy expenses were offset by strong fee income and lower than expected LLP expense. PPNR of $50.6 million was above our forecast of $49.1 million. We are increasing our 2019 operating EPS estimate from $1.16 to $1.18 and maintain our 2020 operating EPS forecast of $1.20.”
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.2% and a 44.9% 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.
Currently, the analyst consensus on First Financial Bankshares is a Hold with an average price target of $28.25, implying a -8.5% downside from current levels. In a report issued on July 19, Piper Jaffray also maintained a Hold rating on the stock with a $26.50 price target.
See today’s analyst top recommended stocks >>
Umpqua Holdings (UMPQ)
Stephens analyst Tyler Stafford maintained a Hold rating on Umpqua Holdings today and set a price target of $18. The company’s shares closed on Friday at $16.80.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.4% and a 53.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
Umpqua Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $18.
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