First Financial Bankshares Inc. (FFIN) Set to Announce Earnings on Thursday
First Financial Bankshares Inc. (NASDAQ:FFIN) will be announcing its earnings results after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
First Financial Bankshares Inc. (NASDAQ:FFIN) opened at 36.24 on Wednesday. First Financial Bankshares Inc. has a 52-week low of $24.12 and a 52-week high of $37.39. The stock has a 50 day moving average of $36.35 and a 200-day moving average of $33.77. The company has a market capitalization of $2.38 billion, a P/E ratio of 23.23 and a beta of 1.35.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, September 13th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 45.57%.
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Separately, Zacks Investment Research lowered shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.83.
Several large investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in First Financial Bankshares by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,212,277 shares of the company’s stock valued at $138,121,000 after buying an additional 74,978 shares during the last quarter. BlackRock Investment Management LLC raised its stake in First Financial Bankshares by 6.3% in the second quarter. BlackRock Investment Management LLC now owns 275,068 shares of the company’s stock valued at $9,019,000 after buying an additional 16,281 shares during the last quarter. BlackRock Group LTD increased its position in shares of First Financial Bankshares by 3.9% in the second quarter. BlackRock Group LTD now owns 79,895 shares of the company’s stock valued at $2,620,000 after buying an additional 3,017 shares during the period. Guggenheim Capital LLC increased its position in shares of First Financial Bankshares by 10.6% in the second quarter. Guggenheim Capital LLC now owns 38,642 shares of the company’s stock valued at $1,267,000 after buying an additional 3,717 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of First Financial Bankshares by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 37,181 shares of the company’s stock valued at $1,219,000 after buying an additional 1,397 shares during the period. 45.70% of the stock is currently owned by institutional investors and hedge funds.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
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