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First Financial Bankshares Stock Forecast NASDAQ:FFIN

$50.61 (-0.98%)

Volume: 245k

Closed: Dec 03, 2021

Hollow Logo Score: -3.097

First Financial Bankshares Stock Forecast

$50.61 (-0.98%)

Volume: 245k

Closed: Dec 03, 2021

Score Hollow Logo -3.097
Which way will FFIN go? Request
Key Stats
P/E Ratio 31.26
Beta 1.11
Trailing Dividend Rate 1.1% ($0.56)
Next Dividend Date Dec 15, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 32 and the stock is currently not being overbought or oversold

First Financial Bankshares stock price ended on $50.61 on Friday after losing 0.98%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-26 Loss -0.12%

The First Financial Bankshares stock price fell by -0.98% on the last day (Friday, 3rd Dec 2021) from $51.11 to $50.61. During the day the stock fluctuated 2.71% from a day low at $50.15 to a day high of $51.51. The price has fallen in 7 of the last 10 days and is down by -5.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -93 thousand shares and in total, 245 thousand shares were bought and sold for approximately $12.39 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.25% during the next 3 months and, with a 90% probability hold a price between $61.38 and $69.27 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Financial Bankshares stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.84 and $51.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -7.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $47.70 and $45.95. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Financial Bankshares finds support just below today's level at $47.70. If this is broken, then the next support from accumulated volume will be at $45.95 and $44.65.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.36 between high and low, or 2.71%. For the last week, the stock has had a daily average volatility of 3.43%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is First Financial Bankshares stock A Buy?

The First Financial Bankshares stock holds several negative signals and despite the positive trend, we believe First Financial Bankshares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.097

Predicted Opening Price for First Financial Bankshares of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$50.76 $50.61 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 31, 2021 "Janney Montgomery Scott" gave "$50.00" rating for FFIN. The price target was changed from $47.53 to 2.7%.

Volatility and Risk
Daily Average Volatility: 3.43 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $51.04
Price: $50.61
Support: $47.70

FFIN Insider Trading Show all Trades

INSIDER POWER

0.795

Last 100 transactions
Buy: 195 833 | Sell: 246 324 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 1 000 Trotter Johnny Common Stock
Nov 30, 2021 Buy 199 Nickles Robert Clark Jr Common Stock
Nov 26, 2021 Buy 1 000 Trotter Johnny Common Stock
Nov 18, 2021 Buy 75 Edwards Murray Hamilton Common Stock
Nov 16, 2021 Sell 20 000 Copeland David L Common tock
Show all Insider Trades
INSIDER POWER

0.795

Last 100 transactions
Buy: 195 833 | Sell: 246 324 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 52.12 2.98 %
51.60 1.95 %
51.28 1.32 %
Current price: 50.61
Support 50.24 -0.74 %
49.92 -1.37 %
49.40 -2.40 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 53.88 6.46 %
52.17 3.08 %
51.04 0.85 %
Current price 50.61
Support 47.70 -5.75%
45.95 -9.21%
44.65 -11.78%

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About First Financial Bankshares

First Financial Bankshares First Financial Bankshares, Inc., a financial holding company, through its subsidiaries, provides commercial banking services primarily in Texas. Its services include accepting and holding checking, savings, and time deposits; automated teller machine services; drive-in and night deposit services; safe deposit facilities; remote deposit capture, payroll cards, funds transmitting, Internet banking, and mobile banking services; and other customary ... Read more

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