First Financial Bankshares (NASDAQ:FFIN) Issues Quarterly Earnings Results

First Financial Bankshares (NASDAQ:FFIN) issued its quarterly earnings results on Thursday. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02, reports. First Financial Bankshares had a net margin of 38.62% and a return on equity of 15.21%. The firm had revenue of $101.26 million for the quarter, compared to analysts’ expectations of $99.90 million. During the same period in the previous year, the firm posted $0.49 EPS.

First Financial Bankshares stock opened at $30.86 on Friday. First Financial Bankshares has a fifty-two week low of $26.73 and a fifty-two week high of $33.42. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 26.26 and a beta of 1.16. The business’s 50-day moving average price is $32.28.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. First Financial Bankshares’s dividend payout ratio is presently 44.04%.

Several research analysts have recently weighed in on FFIN shares. Stephens restated a “hold” rating and set a $32.00 price objective on shares of Triumph Bancorp in a research note on Friday. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Finally, BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.33.

In related news, Director Johnny Trotter purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $61.61 per share, for a total transaction of $184,830.00. Following the purchase, the director now owns 394,913 shares in the company, valued at $24,330,589.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David L. Copeland sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total transaction of $308,400.00. Following the completion of the transaction, the director now owns 34,094 shares in the company, valued at approximately $2,102,917.92. The disclosure for this sale can be found here. In the last quarter, insiders purchased 11,181 shares of company stock worth $663,178. 4.90% of the stock is owned by company insiders.

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.

Further Reading: Resistance Level

Earnings History for First Financial Bankshares (NASDAQ:FFIN)

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