First Financial Bankshares, Inc. (NASDAQ:FFIN) will issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, April 20th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. First Financial Bankshares had a net margin of 33.09% and a return on equity of 12.32%. The firm had revenue of $78.30 million for the quarter, compared to analyst estimates of $83.55 million. During the same quarter last year, the business earned $0.39 earnings per share. First Financial Bankshares’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect First Financial Bankshares to post $1.69 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) opened at 42.85 on Monday. First Financial Bankshares, Inc. has a 12 month low of $33.29 and a 12 month high of $46.70. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 26.78 and a beta of 1.35. The company’s 50-day moving average is $40.39 and its 200-day moving average is $41.73.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 16th were given a $0.19 dividend. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 47.50%.
In other First Financial Bankshares news, Director David L. Copeland sold 684 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $38.00, for a total value of $25,992.00. Following the completion of the sale, the director now directly owns 33,379 shares in the company, valued at $1,268,402. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald N. Giddiens sold 1,000 shares of First Financial Bankshares stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $41.00, for a total transaction of $41,000.00. Following the completion of the sale, the director now owns 13,816 shares of the company’s stock, valued at $566,456. The disclosure for this sale can be found here. Insiders acquired 3,230 shares of company stock valued at $127,549 over the last quarter. Corporate insiders own 5.04% of the company’s stock.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Stephens reaffirmed a “hold” rating on shares of First Financial Bankshares in a research report on Monday, April 24th. Hovde Group raised shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 22nd. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods raised shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Friday, April 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.33.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, 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, and First Financial Insurance Agency, Inc, Abilene, Texas.
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