Wall Street analysts forecast that First Financial Bankshares Inc (NASDAQ:FFIN) will announce earnings of $0.30 per share for the current quarter, Zacks reports. Two analysts have made estimates for First Financial Bankshares’ earnings. First Financial Bankshares posted earnings of $0.28 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 18th.
According to Zacks, analysts expect that First Financial Bankshares will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.18 to $1.21. For the next financial year, analysts forecast that the company will report earnings of $1.25 per share, with EPS estimates ranging from $1.22 to $1.30. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $95.77 million for the quarter, compared to the consensus estimate of $96.90 million. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. During the same quarter last year, the company posted $0.26 earnings per share.
Several brokerages have recently issued reports on FFIN. BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. Stephens set a $22.00 price objective on shares of Home Bancshares and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine upgraded shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.83.
Shares of First Financial Bankshares stock traded up $0.25 during midday trading on Friday, hitting $29.89. The company had a trading volume of 1,405 shares, compared to its average volume of 439,358. The company’s 50 day moving average price is $33.39. The company has a market cap of $8.13 billion, a PE ratio of 27.32 and a beta of 1.16. First Financial Bankshares has a 1-year low of $26.23 and a 1-year high of $33.42.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were given a $0.12 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 1.61%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 44.04%.
In other news, Director Johnny Trotter bought 2,000 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $60.67 per share, with a total value of $121,340.00. Following the completion of the transaction, the director now directly owns 405,913 shares in the company, valued at $24,626,741.71. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Copeland sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.68, for a total value of $308,400.00. Following the completion of the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at $2,102,917.92. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 11,181 shares of company stock valued at $663,178. 4.90% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of First Financial Bankshares by 767.3% during the first quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock valued at $26,000 after acquiring an additional 399 shares during the period. First Command Financial Services Inc. lifted its holdings in shares of First Financial Bankshares by 100.0% during the second quarter. First Command Financial Services Inc. now owns 1,048 shares of the bank’s stock valued at $32,000 after acquiring an additional 524 shares during the period. Liberty Wealth Management LLC bought a new position in shares of First Financial Bankshares during the fourth quarter valued at $36,000. Ellis Investment Partners LLC bought a new position in shares of First Financial Bankshares during the first quarter valued at $117,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of First Financial Bankshares by 20.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock valued at $127,000 after acquiring an additional 381 shares during the period. 55.53% of the stock is owned by hedge funds and other institutional investors.
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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