First Financial Bankshares (NASDAQ:FFIN) Issues Earnings Results, Beats Estimates By $0.03 EPS

First Financial Bankshares (NASDAQ:FFIN) announced its quarterly earnings data on Thursday. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03, Zacks reports. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%.

First Financial Bankshares Stock Performance

NASDAQ FFIN traded down $0.70 during trading hours on Thursday, reaching $36.54. 428,994 shares of the company’s stock were exchanged, compared to its average volume of 504,100. The company’s 50-day moving average is $38.68 and its two-hundred day moving average is $37.18. First Financial Bankshares has a one year low of $27.62 and a one year high of $44.66. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.20 and a beta of 0.83.

Insider Buying and Selling

In other news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the sale, the director now directly owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. 4.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Hovde Group upped their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.