First Financial Bankshares falls after Piper Sandler starts coverage with 'neutral'
FFIN•Price target and analyst view
The brokerage also sets a PT of $35, implying a 4% upside to the stock's last close.
One of six analysts rate the stock "buy" and five "hold"; their median PT is $36 — data compiled by LSEG.
Including the session's move, the stock is up 11.1% year to date.
Piper Sandler initiates coverage with neutral rating
Shares of First Financial Bankshares FFIN.O fall 1.4% to $33.2 after Piper Sandler initiates with a "neutral" rating.
Brokerage says FFIN remains one of the most profitable banks in the country, trading at a deserved premium.
It says there could be upside in shares on faster-than-expected loan growth leading to a profitable balance sheet remix.
"We think that M&A would be a welcome sight for potential FFIN investors" - Piper Sandler.
