First Financial Bankshares, Inc. (NASDAQ:FFIN) Set to Announce Quarterly Earnings on Wednesday
First Financial Bankshares, Inc. (NASDAQ:FFIN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. First Financial Bankshares had a return on equity of 12.32% and a net margin of 33.09%. The firm had revenue of $78.30 million for the quarter, compared to analysts’ expectations of $83.55 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect First Financial Bankshares to post $1.69 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
First Financial Bankshares, Inc. (NASDAQ FFIN) opened at 42.85 on Monday. First Financial Bankshares, Inc. has a 52 week low of $33.29 and a 52 week high of $46.70. The stock’s 50 day moving average price is $40.39 and its 200-day moving average price is $41.73. The company has a market capitalization of $2.81 billion, a PE ratio of 26.78 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 16th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.77%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, June 14th. First Financial Bankshares’s dividend payout ratio is currently 47.50%.
In other news, Director Johnny Trotter acquired 1,500 shares of First Financial Bankshares stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average cost of $40.36 per share, with a total value of $60,540.00. Following the transaction, the director now directly owns 387,588 shares of the company’s stock, valued at approximately $15,643,051.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald N. Giddiens sold 1,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. Following the completion of the sale, the director now directly owns 13,816 shares in the company, valued at $566,456. The disclosure for this sale can be found here. Insiders purchased a total of 3,230 shares of company stock worth $127,549 over the last three months. 5.04% of the stock is currently owned by corporate insiders.
FFIN has been the topic of several recent research reports. Zacks Investment Research cut shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, March 24th. Keefe, Bruyette & Woods raised shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $37.00 to $38.00 in a research report on Friday, April 21st. Hovde Group raised shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 22nd. BidaskClub raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Stephens reissued a “hold” rating on shares of First Financial Bankshares in a research report on Monday, April 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.33.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
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