FFIN Intrinsic Value – First Financial Bankshares Stock Up 4.1% in 2023

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In just the first half of the year, the stock has increased by 4.1%. This is particularly impressive given that other stocks in the banking sector have not seen such strong gains. This stock surge is primarily attributed to the recent success of the bank’s financial products and services. Customers have been increasingly satisfied with First Financial Bankshares ($NASDAQ:FFIN)’ offerings, which has resulted in increased demand for their services. The company has also made strategic investments in several areas such as technology and marketing, which have helped to improve their operations and attract more customers.

The increase in the stock price can also be attributed to the bank’s ongoing efforts to expand its product offerings. The company has added several new financial products and services, including personal loan products and other banking options. This has allowed them to better serve their customers and offer more competitive rates than their competitors. These recent developments have not only led to an increase in the stock price of First Financial Bankshares but also a higher market value for the company as a whole.

Price History

On Monday, FIRST FINANCIAL BANKSHARES opened at $33.0 and closed at $32.1, marking a small decrease of 0.2% from previous closing price of 32.1. Despite the minor drop, the stock is up 4.1% since the start of 2023, though the media exposure has been mostly neutral in regards to the company. FIRST FINANCIAL BANKSHARES has seen a steady uptick in stock prices since the beginning of the year, which is encouraging for investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FFIN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FFIN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FFIN. More…

Key Ratios Snapshot

Some of the financial key ratios for FFIN are shown below. More…

Analysis – FFIN Intrinsic Value

At GoodWhale, we have conducted an extensive analysis of FIRST FINANCIAL BANKSHARES‘s fundamentals. After closely examining its financials, our proprietary Valuation Line has determined that the fair value of FIRST FINANCIAL BANKSHARES share is around $42.2. Currently, FIRST FINANCIAL BANKSHARES stock is being traded at $32.1, which implies that it is undervalued by 24.0%. More…

Peers

There is intense competition among First Financial Bankshares Inc and its competitors Parkway Bank, First Financial Northwest Inc, CCSB Financial Corp. All these companies are trying to get a larger share of the market by offering competitive products and services. They are all fighting for a larger market share, which has led to increased advertising and promotional expenses.

– Parkway Bank ($NASDAQ:FFNW)

First Financial Northwest is a bank holding company based in Washington state. The company operates through its subsidiary, First Financial Northwest Bank. First Financial Northwest Bank is a full-service community bank that offers a variety of deposit and loan products to businesses and individuals in the Seattle-Tacoma metropolitan area. The company’s market cap as of 2022 is $138.83 million.

– First Financial Northwest Inc ($OTCPK:CCFC)

CCSB Financial Corp is a community bank holding company. The Company’s primary business is the ownership and operation of its subsidiary bank, Citizens Community Bank (the Bank). The Bank provides a range of banking services to individual and corporate customers through its offices located in central and southwestern Virginia.

Summary

First Financial Bankshares has seen a positive stock performance in 2023, rising by 4.1%. This is likely to be attributed to its strong financial performance, with the company reporting improved earnings, higher asset levels and a more capitalized balance sheet. Despite the overall positive investor sentiment, media exposure so far has been mostly neutral. Investors should pay close attention to the company’s future performance and financials, as the stock could be attractive for those seeking long-term investment returns.

Additionally, investors should consider the company’s competitive landscape, customer base and strategic vision when making an investment decision.