Zacks: Brokerages Anticipate First Financial Bankshares, Inc. (NASDAQ:FFIN) to Post $0.40 Earnings Per Share

Equities analysts forecast that First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) will report earnings per share (EPS) of $0.40 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Financial Bankshares’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.39. First Financial Bankshares posted earnings of $0.39 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Financial Bankshares will report full-year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.60. For the next year, analysts anticipate that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.62 to $1.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for First Financial Bankshares.

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

Several equities research analysts have recently commented on the company. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, April 27th.

In related news, Director Johnny Trotter acquired 5,500 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was acquired at an average price of $40.72 per share, with a total value of $223,960.00. Following the acquisition, the director now directly owns 892,757 shares of the company’s stock, valued at $36,353,065.04. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kade Matthews acquired 5,000 shares of the company’s stock in a transaction on Friday, April 29th. The shares were bought at an average cost of $40.80 per share, with a total value of $204,000.00. Following the acquisition, the director now directly owns 10,848 shares in the company, valued at $442,598.40. The disclosure for this purchase can be found here. Insiders purchased a total of 29,500 shares of company stock valued at $1,267,000 in the last ninety days. 4.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sageworth Trust Co of South Dakota bought a new position in shares of First Financial Bankshares in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of First Financial Bankshares by 803.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 705 shares of the bank’s stock valued at $31,000 after acquiring an additional 627 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of First Financial Bankshares in the 1st quarter valued at about $32,000. Ahrens Investment Partners LLC lifted its holdings in shares of First Financial Bankshares by 520.2% in the 1st quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank’s stock valued at $34,000 after acquiring an additional 645 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of First Financial Bankshares by 807.3% in the 1st quarter. Meeder Asset Management Inc. now owns 1,116 shares of the bank’s stock valued at $49,000 after acquiring an additional 993 shares during the last quarter. 53.35% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:FFIN traded up $0.08 during midday trading on Friday, hitting $40.89. The company had a trading volume of 423,658 shares, compared to its average volume of 470,352. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 25.88 and a beta of 0.86. First Financial Bankshares has a 12-month low of $39.63 and a 12-month high of $55.00. The company has a fifty day moving average of $43.26 and a two-hundred day moving average of $47.87.

The company also recently announced 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. The ex-dividend date is Wednesday, June 15th. This represents a $0.68 annualized dividend and a yield of 1.66%. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.15. First Financial Bankshares’s dividend payout ratio is currently 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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