First Financial Bankshares Inc to Post Q1 2019 Earnings of $0.52 Per Share, SunTrust Banks Forecasts (FFIN)

First Financial Bankshares Inc (NASDAQ:FFIN) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of First Financial Bankshares in a research note issued on Tuesday. SunTrust Banks analyst J. Demba anticipates that the bank will post earnings of $0.52 per share for the quarter. SunTrust Banks has a “Hold” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for First Financial Bankshares’ Q3 2019 earnings at $0.58 EPS and Q4 2019 earnings at $0.58 EPS.

Other research analysts have also recently issued reports about the stock. Sandler O’Neill reaffirmed a “sell” rating and set a $40.00 price target on shares of First Financial Bankshares in a research report on Friday, January 26th. Hovde Group set a $46.00 price target on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Monday, January 29th. BidaskClub lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of First Financial Bankshares in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. First Financial Bankshares presently has an average rating of “Hold” and a consensus target price of $44.14.

Shares of First Financial Bankshares (NASDAQ FFIN) traded down $0.25 during mid-day trading on Thursday, reaching $46.70. 279,458 shares of the company’s stock were exchanged, compared to its average volume of 236,527. The firm has a market capitalization of $3,110.93, a PE ratio of 25.80 and a beta of 1.37. First Financial Bankshares has a 1 year low of $36.85 and a 1 year high of $48.85.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $90.40 million. First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. First Financial Bankshares’s dividend payout ratio is currently 41.99%.

In other news, Director Steven L. Beal sold 15,973 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total transaction of $756,641.01. Following the sale, the director now owns 1,465 shares in the company, valued at $69,397.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Copeland sold 1,368 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total transaction of $62,271.36. Following the sale, the director now owns 33,379 shares in the company, valued at approximately $1,519,412.08. The disclosure for this sale can be found here. Company insiders own 5.04% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Milestone Group Inc. bought a new stake in shares of First Financial Bankshares in the third quarter worth $201,000. CIBC Asset Management Inc bought a new stake in shares of First Financial Bankshares in the fourth quarter worth $233,000. Shelton Capital Management bought a new stake in shares of First Financial Bankshares in the second quarter worth $290,000. Amalgamated Bank increased its stake in shares of First Financial Bankshares by 2.6% in the second quarter. Amalgamated Bank now owns 8,768 shares of the bank’s stock worth $388,000 after buying an additional 225 shares during the last quarter. Finally, FDx Advisors Inc. bought a new stake in shares of First Financial Bankshares in the third quarter worth $390,000. Institutional investors own 51.40% of the company’s stock.

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About First Financial Bankshares

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. 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, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.

Earnings History and Estimates for First Financial Bankshares (NASDAQ:FFIN)

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