First Financial Bankshares Inc (NASDAQ:FFIN) Posts Earnings Results, Meets Expectations

First Financial Bankshares Inc (NASDAQ:FFIN) issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44, reports. The company had revenue of $83.95 million for the quarter, compared to analyst estimates of $89.87 million. First Financial Bankshares had a return on equity of 13.13% and a net margin of 34.99%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share.

Shares of First Financial Bankshares (NASDAQ:FFIN) traded down 0.43% during midday trading on Friday, hitting $46.45. 191,244 shares of the stock traded hands. First Financial Bankshares has a one year low of $35.05 and a one year high of $47.90. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 28.64 and a beta of 1.38. The firm has a 50-day moving average price of $44.00 and a 200 day moving average price of $41.74.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. First Financial Bankshares’s dividend payout ratio (DPR) is 45.51%.

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Several equities analysts have issued reports on the company. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.00 target price on shares of First Financial Bankshares in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Stephens set a $39.00 target price on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. First Financial Bankshares presently has an average rating of “Hold” and a consensus price target of $43.40.

First Financial Bankshares announced that its Board of Directors has authorized a stock repurchase program on Tuesday, July 25th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

Earnings History for First Financial Bankshares (NASDAQ:FFIN)

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