Analysts predict that First Financial Bankshares Inc (NASDAQ:FFIN) will announce sales of $97.10 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for First Financial Bankshares’ earnings. The lowest sales estimate is $97.01 million and the highest is $97.20 million. First Financial Bankshares posted sales of $83.20 million in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Thursday, January 24th.
On average, analysts expect that First Financial Bankshares will report full year sales of $379.43 million for the current financial year, with estimates ranging from $376.70 million to $382.10 million. For the next fiscal year, analysts forecast that the business will post sales of $401.40 million, with estimates ranging from $397.90 million to $405.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. First Financial Bankshares had a net margin of 39.25% and a return on equity of 14.09%. The business had revenue of $96.48 million for the quarter, compared to analyst estimates of $97.34 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year.
A number of research analysts have recently commented on FFIN shares. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens set a $52.00 target price on shares of First Financial Bankshares and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, Robert W. Baird assumed coverage on shares of First Financial Bankshares in a research report on Tuesday, October 16th. They set a “neutral” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.71.
Shares of First Financial Bankshares stock traded down $0.51 on Friday, hitting $61.93. The company’s stock had a trading volume of 5,580 shares, compared to its average volume of 235,724. First Financial Bankshares has a 52-week low of $43.05 and a 52-week high of $62.57. The firm has a market capitalization of $4.17 billion, a PE ratio of 36.45 and a beta of 1.14.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, December 13th. First Financial Bankshares’s dividend payout ratio is presently 49.41%.
In related news, Director Johnny Trotter purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was purchased at an average price of $55.65 per share, for a total transaction of $111,300.00. Following the acquisition, the director now directly owns 384,926 shares in the company, valued at $21,421,131.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.77% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its stake in shares of First Financial Bankshares by 14.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 6,798 shares of the bank’s stock valued at $346,000 after buying an additional 880 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of First Financial Bankshares by 3.5% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 26,886 shares of the bank’s stock valued at $1,368,000 after buying an additional 899 shares during the last quarter. Aperio Group LLC boosted its stake in shares of First Financial Bankshares by 4.7% during the 2nd quarter. Aperio Group LLC now owns 20,910 shares of the bank’s stock valued at $1,064,000 after buying an additional 936 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of First Financial Bankshares by 2.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 44,903 shares of the bank’s stock valued at $2,286,000 after buying an additional 1,033 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of First Financial Bankshares by 5.3% during the 2nd quarter. Creative Planning now owns 23,851 shares of the bank’s stock valued at $1,214,000 after buying an additional 1,203 shares during the last quarter. Institutional investors own 53.81% of the company’s stock.
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
Featured Article: The Role of a Fiduciary and Individual Investors
Get a free copy of the Zacks research report on First Financial Bankshares (FFIN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.