First Financial Bankshares Inc (NASDAQ:FFIN) Expected to Post Quarterly Sales of $102.20 Million

Equities analysts forecast that First Financial Bankshares Inc (NASDAQ:FFIN) will report $102.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Financial Bankshares’ earnings. The highest sales estimate is $102.60 million and the lowest is $101.80 million. First Financial Bankshares reported sales of $98.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that First Financial Bankshares will report full year sales of $401.40 million for the current year, with estimates ranging from $400.90 million to $401.90 million. For the next year, analysts forecast that the firm will report sales of $426.80 million, with estimates ranging from $421.70 million to $431.90 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover First Financial Bankshares.

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



A number of research firms have issued reports on FFIN. Stephens reissued a “hold” rating and set a $30.00 price target on shares of First Financial Bankshares in a research report on Friday, July 19th. ValuEngine lowered shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th. BidaskClub lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Piper Jaffray Companies set a $27.00 price target on shares of First Financial Bankshares and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.25.

FFIN traded down $0.78 during trading on Wednesday, reaching $30.41. 180,137 shares of the company’s stock were exchanged, compared to its average volume of 721,088. First Financial Bankshares has a 1 year low of $26.73 and a 1 year high of $33.43. The stock has a market capitalization of $4.13 billion, a PE ratio of 27.90 and a beta of 1.14. The stock has a fifty day moving average of $31.09.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in First Financial Bankshares by 767.3% during the 1st quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock worth $26,000 after buying an additional 399 shares during the last quarter. First Command Financial Services Inc. grew its stake in shares of First Financial Bankshares by 100.0% during the 2nd quarter. First Command Financial Services Inc. now owns 1,048 shares of the bank’s stock worth $32,000 after purchasing an additional 524 shares during the period. Advisory Services Network LLC grew its stake in shares of First Financial Bankshares by 223.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,174 shares of the bank’s stock worth $36,000 after purchasing an additional 811 shares during the period. Liberty Wealth Management LLC grew its stake in shares of First Financial Bankshares by 100.0% during the 2nd quarter. Liberty Wealth Management LLC now owns 1,260 shares of the bank’s stock worth $39,000 after purchasing an additional 630 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of First Financial Bankshares by 5,875.0% during the 2nd quarter. Toronto Dominion Bank now owns 1,434 shares of the bank’s stock worth $44,000 after purchasing an additional 1,410 shares during the period. 55.53% of the stock is owned by institutional investors.

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.

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

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