First Financial Bankshares (NASDAQ:FFIN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 18th. Analysts expect First Financial Bankshares to post earnings of $0.52 per share for the quarter.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 19th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $89.40 million. During the same quarter last year, the business posted $0.40 EPS. On average, analysts expect First Financial Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
FFIN opened at $52.65 on Tuesday. First Financial Bankshares has a 1 year low of $37.31 and a 1 year high of $56.35. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 31.00 and a beta of 1.27.
The company also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 15th were paid a $0.21 dividend. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.60%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 49.41%.
Several analysts have issued reports on the company. BidaskClub downgraded First Financial Bankshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 3rd. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, ValuEngine raised First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $46.00.
In related news, Director Ronald N. Giddiens sold 1,465 shares of First Financial Bankshares stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $53.31, for a total value of $78,099.15. Following the sale, the director now owns 13,747 shares of the company’s stock, valued at $732,852.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Johnny Trotter bought 1,000 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was bought at an average cost of $53.43 per share, for a total transaction of $53,430.00. The disclosure for this purchase can be found here. 4.77% of the stock is currently owned by insiders.
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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