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

Equities analysts predict that First Financial Bankshares Inc (NASDAQ:FFIN) will announce earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Financial Bankshares’ earnings. First Financial Bankshares posted earnings of $0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The firm is expected to issue its next quarterly earnings report on Thursday, October 17th.

According to Zacks, analysts expect that First Financial Bankshares will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.21. For the next year, analysts anticipate that the business will post earnings of $1.25 per share, with EPS estimates ranging from $1.20 to $1.32. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The business 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 quarter in the prior year, the firm earned $0.49 earnings per share.



Several equities analysts have recently commented on FFIN shares. Piper Jaffray Companies set a $29.00 price target on shares of First Financial Bankshares and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Stephens reaffirmed a “hold” rating and issued a $30.00 price objective on shares of First Financial Bankshares in a report on Friday, July 19th. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Finally, ValuEngine downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and an average price target of $30.75.

Shares of First Financial Bankshares stock traded down $0.29 during trading on Thursday, hitting $32.89. 192,130 shares of the stock were exchanged, compared to its average volume of 405,421. The stock’s fifty day moving average is $31.44 and its 200 day moving average is $43.83. The stock has a market cap of $4.52 billion, a PE ratio of 30.17 and a beta of 1.19. First Financial Bankshares has a 12 month low of $26.73 and a 12 month high of $33.90.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, September 13th. First Financial Bankshares’s payout ratio is currently 44.04%.

Hedge funds have recently bought and sold shares of the stock. First Command Financial Services Inc. lifted its holdings in First Financial Bankshares by 100.0% in the second 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 lifted its holdings in First Financial Bankshares by 223.4% in the second 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 lifted its holdings in First Financial Bankshares by 100.0% in the second 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. Toronto Dominion Bank lifted its holdings in First Financial Bankshares by 5,875.0% in the second 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. Finally, Public Employees Retirement System of Ohio lifted its holdings in First Financial Bankshares by 87.3% in the second quarter. Public Employees Retirement System of Ohio now owns 1,686 shares of the bank’s stock worth $52,000 after purchasing an additional 786 shares during the period. 51.28% of the stock is owned by institutional investors and hedge funds.

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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