FFIN Price Prediction Next Week
Analysis and Insights
To predict the stock price of First Financial Bankshares (FFIN) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
- Strong Insider Buying Activity: Recent insider buying activity shows significant confidence in FFIN, with 5 directors and officers purchasing shares.
- Positive Earnings Report: FFIN reported Q4 GAAP EPS of $0.43, beating expectations by $0.03, with revenue up 23.1% year-over-year.
- Top Stock Recommendation: FFIN is highlighted as a top income stock with a 1.9% dividend yield and increasing earnings estimates.
Technical Analysis:
- RSI Levels: FFIN's RSI is 44.99 (6-period) and 42.13 (14-period), indicating the stock is not oversold.
- MACD: The MACD is slightly negative (-0.45), but the histogram shows improvement.
- SMA Trends: The stock is trading above its 20-day and 50-day SMAs, indicating bullish momentum.
- Fibonacci Levels: Resistance levels at 36.93 and 37.58, with support at 34.83.
Price Prediction:
Based on the analysis, FFIN is expected to rise next week. The target price is $38.63, with a stop-loss at $34.83.
Recommendation:
Buy FFIN with a target price of $38.63 and a stop-loss at $34.83.
FFIN Similar Chart Price Prediction
The price of FFIN is predicted to go up -21.62%, based on the high correlation periods with PLUR. The similarity of these two price pattern on the periods is 96.98%.
FFIN
PLUR
Down: -21.62%Similarity: 96.98%
FFIN Revenue Forecast
FFIN EPS Forecast
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FFIN Analyst's Forecast
Matt Olney
Stephens & Co.
Hold
2024-10-18
Price Target
$37 → $40
Upside
+4.17%
Stephens analyst Matt Olney raised the firm's price target on First Financial to $40 from $37 and keeps an Equal Weight rating on the shares. Q3 EPS was relatively in line with consensus forecast as the net interest margin expanded 2 basis points, notes the analyst, who expects additional improvements in Q4 and into early 2025 with the assumption of an incremental 150 points of gradual Fed Fund cuts over the next eight months.
Brandon King
Truist Securities
Hold
2024-09-20
Price Target
$39 → $40
Upside
+4.99%
