$0.60 Earnings Per Share Expected for First Financial Bankshares Inc (FFIN) This Quarter

Equities analysts forecast that First Financial Bankshares Inc (NASDAQ:FFIN) will announce $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Financial Bankshares’ earnings, with estimates ranging from $0.59 to $0.60. First Financial Bankshares posted earnings of $0.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The business is scheduled to announce its next earnings results on Thursday, July 18th.

On average, analysts expect that First Financial Bankshares will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.36 to $2.41. For the next fiscal year, analysts anticipate that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.43 to $2.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. The business had revenue of $95.77 million during the quarter, compared to the consensus estimate of $96.90 million. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. During the same quarter last year, the firm earned $0.51 EPS.

FFIN has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Finally, Stephens set a $57.00 target price on shares of First Financial Bankshares and gave the company a “hold” rating in a report on Friday, January 25th.

In other First Financial Bankshares news, Director David L. Copeland sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total value of $308,400.00. Following the completion of the transaction, the director now owns 34,094 shares of the company’s stock, valued at approximately $2,102,917.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johnny Trotter purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $61.61 per share, with a total value of $184,830.00. Following the transaction, the director now directly owns 394,913 shares in the company, valued at $24,330,589.93. The disclosure for this purchase can be found here. Insiders purchased a total of 8,278 shares of company stock valued at $504,492 in the last quarter. 4.90% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in FFIN. Oregon Public Employees Retirement Fund purchased a new stake in shares of First Financial Bankshares during the 4th quarter worth $26,000. Quadrant Capital Group LLC lifted its position in shares of First Financial Bankshares by 767.3% during the 1st quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock worth $26,000 after purchasing an additional 399 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of First Financial Bankshares during the 4th quarter worth $29,000. Liberty Wealth Management LLC acquired a new stake in First Financial Bankshares during the 4th quarter worth $36,000. Finally, Ellis Investment Partners LLC acquired a new stake in First Financial Bankshares during the 1st quarter worth $117,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FFIN opened at $61.13 on Friday. The company has a market cap of $4.26 billion, a PE ratio of 28.04 and a beta of 1.14. First Financial Bankshares has a 1 year low of $50.55 and a 1 year high of $66.83.

First Financial Bankshares shares are going to split before the market opens on Monday, June 3rd. The 2-1 split was announced on Tuesday, April 23rd. The newly minted shares will be issued to shareholders after the closing bell on Friday, May 31st.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 0.79%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 38.53%.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

See Also: What is a Lock-Up Period?

Get a free copy of the Zacks research report on First Financial Bankshares (FFIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Financial Bankshares (NASDAQ:FFIN)

Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.