First Financial Bankshares (NASDAQ:FFIN) Announces Earnings Results

First Financial Bankshares (NASDAQ:FFIN) issued its earnings results on Thursday. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Trading Down 1.9 %

NASDAQ:FFIN opened at $36.54 on Friday. The company has a market cap of $5.22 billion, a PE ratio of 25.20 and a beta of 0.83. The company has a 50 day simple moving average of $38.68 and a two-hundred day simple moving average of $37.18. First Financial Bankshares has a 12 month low of $27.62 and a 12 month high of $44.66.

Insider Transactions at First Financial Bankshares

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

Wall Street Analysts Forecast Growth

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

First Financial Bankshares Company Profile

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.