First Financial Bankshares (FFIN) to Release Quarterly Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN) is scheduled to announce its earnings results on Thursday, April 18th.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 25th. The bank reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $119.49 million during the quarter, compared to the consensus estimate of $125.09 million. First Financial Bankshares had a net margin of 31.28% and a return on equity of 14.53%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts expect First Financial Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Financial Bankshares Stock Down 1.3 %

FFIN stock traded down $0.37 during mid-day trading on Wednesday, reaching $28.65. 438,488 shares of the company traded hands, compared to its average volume of 501,297. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 20.71 and a beta of 0.82. First Financial Bankshares has a fifty-two week low of $22.84 and a fifty-two week high of $33.15. The firm’s 50 day moving average price is $31.23 and its 200 day moving average price is $28.82.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.51%. First Financial Bankshares’s payout ratio is 51.43%.

Institutional Trading of First Financial Bankshares

Institutional investors have recently modified their holdings of the company. Clear Street Markets LLC purchased a new stake in shares of First Financial Bankshares during the fourth quarter worth about $53,000. KBC Group NV purchased a new stake in shares of First Financial Bankshares during the fourth quarter worth about $62,000. Dark Forest Capital Management LP raised its stake in First Financial Bankshares by 200.9% in the first quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after buying an additional 1,350 shares in the last quarter. Chilton Capital Management LLC bought a new position in First Financial Bankshares in the first quarter worth about $109,000. Finally, US Bancorp DE raised its stake in First Financial Bankshares by 33.7% in the fourth quarter. US Bancorp DE now owns 4,003 shares of the bank’s stock worth $121,000 after buying an additional 1,009 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FFIN has been the topic of a number of analyst reports. Stephens boosted their target price on shares of First Financial Bankshares from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Truist Financial decreased their price target on shares of First Financial Bankshares from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.75.

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.