$0.40 EPS Expected for First Financial Bankshares, Inc. (NASDAQ:FFIN) This Quarter

Wall Street analysts expect First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for First Financial Bankshares’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.39. First Financial Bankshares posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that First Financial Bankshares will report full year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.50 to $1.60. For the next fiscal year, analysts anticipate that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.62 to $1.72. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFINGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. First Financial Bankshares had a return on equity of 13.52% and a net margin of 43.17%.

FFIN has been the topic of a number of analyst reports. StockNews.com raised First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, April 27th.

In other news, Director Michael B. Denny purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average price of $45.28 per share, for a total transaction of $452,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director April Kaye Bullock Anthony bought 5,000 shares of the stock in a transaction on Thursday, May 5th. The shares were bought at an average price of $41.00 per share, with a total value of $205,000.00. Following the acquisition, the director now owns 75,627 shares of the company’s stock, valued at $3,100,707. The disclosure for this purchase can be found here. Insiders purchased 29,500 shares of company stock valued at $1,267,000 in the last quarter. 4.19% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in First Financial Bankshares during the first quarter worth $6,742,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Financial Bankshares by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,379,898 shares of the bank’s stock valued at $60,881,000 after purchasing an additional 39,057 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of First Financial Bankshares by 13.9% during the 1st quarter. First Trust Advisors LP now owns 216,419 shares of the bank’s stock valued at $9,548,000 after purchasing an additional 26,475 shares during the last quarter. Bridgefront Capital LLC purchased a new stake in shares of First Financial Bankshares during the 1st quarter valued at $258,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of First Financial Bankshares by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 34,489 shares of the bank’s stock valued at $1,522,000 after purchasing an additional 902 shares during the last quarter. Institutional investors own 53.35% of the company’s stock.

Shares of FFIN traded up $0.08 during mid-day trading on Friday, reaching $40.89. 423,658 shares of the company’s stock traded hands, compared to its average volume of 470,352. The stock has a market cap of $5.84 billion, a P/E ratio of 25.88 and a beta of 0.86. The stock’s 50-day moving average is $43.26 and its two-hundred day moving average is $47.87. First Financial Bankshares has a 12 month low of $39.63 and a 12 month high of $55.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 16th will be issued a $0.17 dividend. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, June 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. First Financial Bankshares’s payout ratio is presently 37.97%.

First Financial Bankshares Company Profile (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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Earnings History and Estimates for First Financial Bankshares (NASDAQ:FFIN)

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