Equities research analysts forecast that First Financial Bankshares Inc (NASDAQ:FFIN) will report earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Financial Bankshares’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.37. First Financial Bankshares reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The company is expected to report its next quarterly earnings report on Thursday, October 15th.
On average, analysts expect that First Financial Bankshares will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.29 to $1.38. For the next year, analysts expect that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.25 to $1.36. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $129.06 million for the quarter, compared to the consensus estimate of $111.90 million. First Financial Bankshares had a return on equity of 12.65% and a net margin of 37.70%.
In related news, Director Michael B. Denny bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $30.73 per share, for a total transaction of $30,730.00. Following the acquisition, the director now owns 4,130 shares in the company, valued at approximately $126,914.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Johnny Trotter acquired 2,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $29.33 per share, for a total transaction of $58,660.00. Following the completion of the acquisition, the director now directly owns 852,082 shares in the company, valued at $24,991,565.06. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 3,504 shares of company stock worth $104,619. Company insiders own 4.44% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in First Financial Bankshares during the 1st quarter worth approximately $52,000. Nisa Investment Advisors LLC increased its holdings in First Financial Bankshares by 152.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,400 shares of the bank’s stock worth $69,000 after purchasing an additional 1,450 shares during the last quarter. FDx Advisors Inc. purchased a new stake in First Financial Bankshares during the 1st quarter worth approximately $126,000. Macquarie Group Ltd. increased its holdings in First Financial Bankshares by 158.6% during the 2nd quarter. Macquarie Group Ltd. now owns 4,748 shares of the bank’s stock worth $137,000 after purchasing an additional 2,912 shares during the last quarter. Finally, Mcdaniel Terry & Co. purchased a new stake in First Financial Bankshares during the 2nd quarter worth approximately $212,000. Institutional investors own 49.19% of the company’s stock.
Shares of First Financial Bankshares stock traded up $0.11 during trading hours on Friday, reaching $29.99. The stock had a trading volume of 225,342 shares, compared to its average volume of 492,451. The firm has a 50 day simple moving average of $29.50 and a two-hundred day simple moving average of $28.91. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.80 and a beta of 0.98. First Financial Bankshares has a 1 year low of $20.70 and a 1 year high of $36.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 16th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.73%. First Financial Bankshares’s payout ratio is currently 42.98%.
About First Financial Bankshares
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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