Analysts expect that First Financial Bankshares Inc (NASDAQ:FFIN) will post earnings per share (EPS) of $0.58 for the current quarter, according to Zacks. Three analysts have provided estimates for First Financial Bankshares’ earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.56. First Financial Bankshares reported earnings of $0.43 per share during the same quarter last year, which suggests a positive year over year growth rate of 34.9%. The business is expected to report its next quarterly earnings report on Thursday, January 24th.
According to Zacks, analysts expect that First Financial Bankshares will report full-year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.21 to $2.24. For the next financial year, analysts expect that the company will post earnings of $2.38 per share, with EPS estimates ranging from $2.36 to $2.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 18th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. First Financial Bankshares had a return on equity of 14.09% and a net margin of 39.25%. The firm had revenue of $96.48 million during the quarter, compared to analyst estimates of $97.34 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year.
Several brokerages have issued reports on FFIN. BidaskClub raised First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens set a $52.00 price target on First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Robert W. Baird began coverage on First Financial Bankshares in a research note on Tuesday, October 16th. They set a “neutral” rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. First Financial Bankshares currently has a consensus rating of “Hold” and an average price target of $50.71.
In related news, Director Johnny Trotter bought 2,000 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was bought at an average price of $55.65 per share, with a total value of $111,300.00. Following the purchase, the director now owns 384,926 shares in the company, valued at approximately $21,421,131.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.77% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Partnervest Advisory Services LLC bought a new stake in shares of First Financial Bankshares in the 3rd quarter valued at about $204,000. Parametrica Management Ltd purchased a new position in First Financial Bankshares during the 3rd quarter valued at about $224,000. Financial Sense Advisors Inc. purchased a new position in First Financial Bankshares during the 2nd quarter valued at about $204,000. Lodestar Investment Counsel LLC IL purchased a new position in First Financial Bankshares during the 2nd quarter valued at about $205,000. Finally, Russell Investments Group Ltd. purchased a new position in First Financial Bankshares during the 1st quarter valued at about $204,000. 53.81% of the stock is owned by institutional investors.
FFIN stock traded down $0.51 during mid-day trading on Friday, hitting $61.93. 5,580 shares of the stock were exchanged, compared to its average volume of 235,724. First Financial Bankshares has a 12 month low of $43.05 and a 12 month high of $62.57. The firm has a market cap of $4.17 billion, a P/E ratio of 36.45 and a beta of 1.14.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 13th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.41%.
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.
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