First Financial Bankshares (NASDAQ:FFIN) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

First Financial Bankshares (NASDAQ:FFIN) posted its quarterly earnings data on Thursday. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03, Zacks reports. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%.

First Financial Bankshares Stock Down 1.9 %

NASDAQ:FFIN traded down $0.70 during trading hours on Thursday, reaching $36.54. The company had a trading volume of 428,994 shares, compared to its average volume of 488,317. The stock has a 50-day moving average of $38.68 and a two-hundred day moving average of $37.18. First Financial Bankshares has a one year low of $27.62 and a one year high of $44.66. The firm has a market capitalization of $5.22 billion, a PE ratio of 25.20 and a beta of 0.83.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now directly owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.22% of the company’s stock.

Analyst Ratings Changes

FFIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group increased their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Finally, Stephens upped their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th.

About First Financial Bankshares

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.