LPL Financial LLC Reduces Stake in First Financial Bankshares,
June 26, 2023
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According to Defense World, LPL Financial LLC has recently reduced its stake in First Financial Bankshares ($NASDAQ:FFIN), Inc. First Financial Bankshares, Inc., headquartered in Abilene, Texas, is a financial holding company providing banking services through its subsidiaries. The company has a strong presence in the Southwestern U.S., including Texas, Colorado, Utah and New Mexico. It also operates under several brand names including First Financial Bank and First Convenience Bank. The company has recently seen an increase in its share price due to positive earnings results for the past quarter.
Despite this, LPL Financial LLC has reduced its holdings in the company, citing an uncertain economic outlook. This could be a sign that investors are becoming cautious with their investments or that the company is not seen as a strong investment option. Regardless, it is important for investors to do their own research when considering buying and selling stocks.
Share Price
On Tuesday, FIRST FINANCIAL BANKSHARES stock opened at $27.0 and closed at $26.8, a decrease of 0.6% from the previous day’s closing price of 26.9. FIRST FINANCIAL BANKSHARES has been caught in a downturn in recent weeks. While the company had been performing strongly prior to the selloff, investors are now left wondering how this event will affect FIRST FINANCIAL BANKSHARES stock in the long run. With the reduced stake from LPL Financial LLC, it remains to be seen if the stock will be able to rebound or if this is just the beginning of a larger trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FFIN. More…
| Total Revenues | Net Income | Net Margin |
| – | 231.07 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FFIN. More…
| Operations | Investing | Financing |
| 323.94 | -838 | 316.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FFIN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.01k | 11.71k | – |
Key Ratios Snapshot
Some of the financial key ratios for FFIN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted a comprehensive analysis of FIRST FINANCIAL BANKSHARES‘s wellbeing. Our Star Chart rating system determined that the company is strong in areas such as growth, profitability, asset, and dividend. We have classified FIRST FINANCIAL BANKSHARES as a ‘rhino’, meaning a company which has achieved moderate revenue or earnings growth. Considering this information, several different types of investors may be interested in such a company. For one, value investors may be attracted by the dividends and growth that FIRST FINANCIAL BANKSHARES offers. On the other hand, growth investors may be interested in the company’s potential for future expansion. Finally, FIRST FINANCIAL BANKSHARES has a high health score of 10/10, showing that it is capable of sustaining future operations even in times of crisis. This ensures that FIRST FINANCIAL BANKSHARES is a safe investment for any investor looking to diversify their portfolio. 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
LPL Financial LLC recently sold off a portion of their stock in First Financial Bankshares, Inc. This suggests that a lower-than-expected return on investment has led to the company reducing their exposure in the banking industry. Investors should seek additional research and analysis before investing in First Financial Bankshares. Factors to consider include the company’s financial performance, market positioning, and competitive environment.
Additionally, investors should be aware of any potential risks or developments that could impact the stock’s performance. By understanding the strengths and weaknesses of First Financial Bankshares and its peers, investors can make informed decisions that align with their investment goals.
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