First Financial Bankshares Inc (NASDAQ:FFIN) Expected to Announce Earnings of $0.31 Per Share

Wall Street brokerages expect First Financial Bankshares Inc (NASDAQ:FFIN) to post earnings of $0.31 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Financial Bankshares’ earnings. First Financial Bankshares reported earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 17th.

On average, analysts expect that First Financial Bankshares will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.18 to $1.21. For the next year, analysts expect that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.23 to $1.34. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. First Financial Bankshares had a net margin of 38.62% and a return on equity of 14.82%. The company had revenue of $101.26 million for the quarter, compared to the consensus estimate of $99.90 million. During the same period last year, the company earned $0.49 earnings per share.

FFIN has been the subject of several analyst reports. Piper Jaffray Companies set a $29.00 target price on shares of First Financial Bankshares and gave the company a “hold” rating in a research note on Thursday, August 22nd. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. ValuEngine cut shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Finally, Stephens reissued a “hold” rating and issued a $30.00 target price on shares of First Financial Bankshares in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.50.

Several large investors have recently added to or reduced their stakes in FFIN. Panagora Asset Management Inc. boosted its position in First Financial Bankshares by 99.0% during the second quarter. Panagora Asset Management Inc. now owns 412,544 shares of the bank’s stock worth $12,702,000 after purchasing an additional 205,260 shares during the period. EULAV Asset Management boosted its position in First Financial Bankshares by 100.0% during the second quarter. EULAV Asset Management now owns 206,496 shares of the bank’s stock worth $6,358,000 after purchasing an additional 103,248 shares during the period. Arabesque Asset Management Ltd boosted its position in First Financial Bankshares by 133.1% during the second quarter. Arabesque Asset Management Ltd now owns 20,665 shares of the bank’s stock worth $638,000 after purchasing an additional 11,798 shares during the period. Dupont Capital Management Corp bought a new position in First Financial Bankshares during the second quarter worth $277,000. Finally, First Republic Investment Management Inc. boosted its position in First Financial Bankshares by 98.1% during the second quarter. First Republic Investment Management Inc. now owns 32,071 shares of the bank’s stock worth $987,000 after purchasing an additional 15,879 shares during the period. 51.29% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:FFIN traded up $0.40 during midday trading on Friday, hitting $33.15. The stock had a trading volume of 300,857 shares, compared to its average volume of 463,410. First Financial Bankshares has a 12 month low of $26.73 and a 12 month high of $33.97. The business’s 50-day simple moving average is $32.12 and its 200-day simple moving average is $41.46. The company has a market cap of $4.50 billion, a P/E ratio of 30.41 and a beta of 1.18.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.12 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. First Financial Bankshares’s dividend payout ratio is presently 44.04%.

First Financial Bankshares Company Profile

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

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