First Financial Bankshares, Inc. (FFIN) Set to Announce Earnings on Wednesday
First Financial Bankshares, Inc. (NASDAQ:FFIN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect First Financial Bankshares to post earnings of $0.44 per share for the quarter.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. First Financial Bankshares had a return on equity of 12.41% and a net margin of 33.03%. The company had revenue of $82.25 million for the quarter, compared to analysts’ expectations of $87.11 million. During the same period last year, the firm earned $0.41 earnings per share. First Financial Bankshares’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect First Financial Bankshares to post $1.70 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) opened at 45.80 on Wednesday. The firm has a 50-day moving average price of $41.87 and a 200-day moving average price of $41.16. First Financial Bankshares, Inc. has a 1-year low of $35.05 and a 1-year high of $46.70. The firm has a market capitalization of $3.01 billion, a PE ratio of 28.24 and a beta of 1.38.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.19 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. First Financial Bankshares’s payout ratio is currently 46.91%.
First Financial Bankshares declared that its board has authorized a share repurchase plan on Tuesday, July 25th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of equities analysts have weighed in on FFIN shares. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price objective on shares of First Financial Bankshares in a research report on Tuesday, October 3rd. BidaskClub cut shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 price objective on shares of First Financial Bankshares in a research report on Friday, July 21st. Finally, Stephens set a $39.00 price objective on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.00.
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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