FFIN - First Financial: Buy This Hidden Gem For Regional Bank Recovery

2024-05-03 10:12:41 ET

Summary

• Regional banks, including First Financial Bankshares, have been affected by rate-tightening and regional bank fallout, but a good turnaround is expected in 2024.
• First Financial Bankshares is a top pick due to its track record of dividend growth and an excellent operation history.
• The bank operates in Texas, which has the fastest-growing population and a strong economy, making it a favorable investment choice.

Introduction

Regional banks have been hit pretty hard during the current rate-tightening cycle, in particular with the SVB fallout. Many investors like myself are expecting a meaningful turnaround in 2024 as US regional banks started to see easing off from the pressure to pay up to keep depositors from leaving....

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