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.
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.
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