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Stock impact report

First Financial Bankshares: Credit Misstep Is Likely A One-Off [Seeking Alpha]

First Financial Bankshares, Inc. (FFIN) 
Last first financial bankshares, inc. earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
An already rich valuation, coupled with last quarter's credit-driven earnings miss, has been a contributing factor. Credit quality doesn't concern me much. Delinquencies have declined, and First Financial's underwriting record is excellent. The valuation remains an issue, however, with shares still trading for around 3x tangible book value. Lone Star Stock/iStock via Getty Images Down 5% in a strong market, things haven't really gone the way of First Financial Bankshares ( FFIN ) since I last wrote on it in April. While this Texan bank operates a high-quality business, its more defensive qualities are arguably better This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bus Show less Read more
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