Zacks: Brokerages Expect First Financial Bankshares Inc (NASDAQ:FFIN) to Announce $0.36 Earnings Per Share

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%.

A number of research firms have recently commented on FFIN. Zacks Investment Research downgraded First Financial Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. ValuEngine downgraded First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, October 1st. Finally, BidaskClub upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.33.

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.

Read More: Trading Strategy Methods for Individual Investors

Get a free copy of the Zacks research report on First Financial Bankshares (FFIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.