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Bear Of The Day: First Financial Bankshares (FFIN)

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First Financial Bankshares (FFIN - Free Report) is a Zacks Rank #5 (Strong Sell) following an earnings miss.  Estimates have fallen and the stock now has the lowest Zacks Rank.  Let's explore why this is the case in the Bear Of The Day.

Description

First Financial Bankshares provides commercial banking products and services primarily in Texas.  First Financial Bankshares, Inc. was founded in 1890 and is based in Abilene, Texas.

Recent Miss

After putting together a string of 5 consecutive beats of the Zacks Consensus Estimate, FFIN missed on its most recent earnings report.  The company posted EPS of $0.43 but the consensus was calling for one penny more.

I cannot sit here an think that missing one of 6 quarters is really bad at all, especially since the one miss was just a penny.  Let's look at the estimates.

Estimates

As I look at the detailed estimates page, I only see good news.  The estimates are moving higher, and have been for the past 90 days.

Clearly, this stock dropped in Rank due to the miss, but could also be impacted by the fact that most other stocks also beat and did so by larger margins.

Chart

 

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