Wall Street analysts expect that First Financial Bankshares Inc (NASDAQ:FFIN) will report earnings per share of $0.52 for the current quarter, Zacks reports. Two analysts have provided estimates for First Financial Bankshares’ earnings. First Financial Bankshares posted earnings of $0.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 20.9%. The business is expected to issue its next earnings report on Thursday, July 19th.
According to Zacks, analysts expect that First Financial Bankshares will report full year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.10 to $2.16. For the next year, analysts forecast that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.25 to $2.36. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 19th. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. First Financial Bankshares had a return on equity of 12.63% and a net margin of 36.61%. The firm had revenue of $89.87 million during the quarter, compared to analysts’ expectations of $89.40 million. During the same period last year, the firm posted $0.40 EPS.
FFIN has been the subject of a number of recent analyst reports. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Wednesday, June 20th. BidaskClub raised First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, ValuEngine raised First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $46.00.
FFIN stock opened at $50.90 on Thursday. First Financial Bankshares has a fifty-two week low of $37.31 and a fifty-two week high of $56.35. The firm has a market cap of $3.44 billion, a P/E ratio of 29.09 and a beta of 1.25.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.41%.
In other news, Director Johnny Trotter acquired 1,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were purchased at an average cost of $53.43 per share, for a total transaction of $53,430.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald N. Giddiens sold 1,465 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $53.31, for a total value of $78,099.15. Following the completion of the transaction, the director now owns 13,747 shares in the company, valued at $732,852.57. The disclosure for this sale can be found here. Insiders acquired a total of 1,203 shares of company stock worth $64,087 over the last quarter. Corporate insiders own 4.77% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FFIN. BlackRock Inc. boosted its position in First Financial Bankshares by 3.2% in the 1st quarter. BlackRock Inc. now owns 8,591,007 shares of the bank’s stock valued at $397,764,000 after buying an additional 267,863 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in First Financial Bankshares by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,622,258 shares of the bank’s stock valued at $73,083,000 after buying an additional 87,580 shares during the last quarter. Deutsche Bank AG boosted its position in First Financial Bankshares by 128.8% in the 4th quarter. Deutsche Bank AG now owns 144,074 shares of the bank’s stock valued at $6,490,000 after buying an additional 81,097 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in First Financial Bankshares by 3.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,482,163 shares of the bank’s stock valued at $68,625,000 after buying an additional 51,583 shares during the last quarter. Finally, Sei Investments Co. boosted its position in First Financial Bankshares by 1,457.6% in the 1st quarter. Sei Investments Co. now owns 51,229 shares of the bank’s stock valued at $2,372,000 after buying an additional 47,940 shares during the last quarter. Hedge funds and other institutional investors own 51.53% of the company’s stock.
First Financial Bankshares Company Profile
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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