Brokerages predict that First Financial Bankshares, Inc. (NASDAQ:FFIN) will post sales of $123.95 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Financial Bankshares’ earnings, with the highest sales estimate coming in at $125.50 million and the lowest estimate coming in at $122.40 million. First Financial Bankshares reported sales of $111.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The company is expected to issue its next earnings results on Thursday, April 22nd.
On average, analysts expect that First Financial Bankshares will report full-year sales of $492.40 million for the current year, with estimates ranging from $475.00 million to $509.80 million. For the next financial year, analysts anticipate that the business will report sales of $486.05 million, with estimates ranging from $458.20 million to $513.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Wednesday, January 27th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. First Financial Bankshares had a net margin of 38.10% and a return on equity of 12.42%. The business had revenue of $129.60 million for the quarter, compared to the consensus estimate of $131.00 million.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in First Financial Bankshares by 1.4% during the fourth quarter. BlackRock Inc. now owns 15,552,657 shares of the bank’s stock worth $562,617,000 after purchasing an additional 222,066 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of First Financial Bankshares by 10.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,423,318 shares of the bank’s stock valued at $87,663,000 after buying an additional 238,024 shares during the period. Alliancebernstein L.P. lifted its position in First Financial Bankshares by 528.2% in the 4th quarter. Alliancebernstein L.P. now owns 2,223,131 shares of the bank’s stock valued at $80,422,000 after purchasing an additional 1,869,253 shares during the last quarter. Norges Bank bought a new stake in First Financial Bankshares in the 4th quarter valued at about $48,499,000. Finally, Charles Schwab Investment Management Inc. lifted its position in First Financial Bankshares by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,043,219 shares of the bank’s stock valued at $37,739,000 after purchasing an additional 12,793 shares during the last quarter. Institutional investors and hedge funds own 48.28% of the company’s stock.
Shares of NASDAQ:FFIN traded up $0.10 on Monday, hitting $46.79. The company’s stock had a trading volume of 13,894 shares, compared to its average volume of 507,183. The company has a market capitalization of $6.66 billion, a PE ratio of 35.64 and a beta of 0.96. First Financial Bankshares has a 1 year low of $23.99 and a 1 year high of $51.60. The company has a 50-day simple moving average of $47.51 and a 200 day simple moving average of $38.98.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Tuesday, March 16th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, March 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. First Financial Bankshares’s payout ratio is currently 42.98%.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, 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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