Analysts forecast that First Financial Bankshares Inc (NASDAQ:FFIN) will announce sales of $124.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for First Financial Bankshares’ earnings, with the highest sales estimate coming in at $124.70 million and the lowest estimate coming in at $124.30 million. First Financial Bankshares posted sales of $102.88 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21%. The firm is expected to issue its next earnings report on Thursday, October 15th.
On average, analysts expect that First Financial Bankshares will report full year sales of $479.65 million for the current financial year, with estimates ranging from $478.40 million to $480.90 million. For the next financial year, analysts expect that the firm will report sales of $475.60 million, with estimates ranging from $465.50 million to $485.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.12. The company had revenue of $129.06 million for the quarter, compared to the consensus estimate of $111.90 million. First Financial Bankshares had a return on equity of 12.65% and a net margin of 37.70%.
A number of research analysts have recently weighed in on the company. ValuEngine downgraded First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, October 1st. Zacks Investment Research downgraded First Financial Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, BidaskClub upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $31.33.
In other First Financial Bankshares news, Director Michael B. Denny acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $30.73 per share, with a total value of $30,730.00. Following the transaction, the director now owns 4,130 shares of the company’s stock, valued at $126,914.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Johnny Trotter acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $29.33 per share, with a total value of $58,660.00. Following the transaction, the director now directly owns 852,082 shares in the company, valued at approximately $24,991,565.06. The disclosure for this purchase can be found here. Insiders acquired 3,504 shares of company stock worth $104,619 in the last 90 days. Corporate insiders own 4.44% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of First Financial Bankshares during the 1st quarter worth about $52,000. Nisa Investment Advisors LLC lifted its position in shares of First Financial Bankshares by 152.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,400 shares of the bank’s stock worth $69,000 after purchasing an additional 1,450 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of First Financial Bankshares by 158.6% during the 2nd quarter. Macquarie Group Ltd. now owns 4,748 shares of the bank’s stock worth $137,000 after purchasing an additional 2,912 shares during the last quarter. Mcdaniel Terry & Co. acquired a new position in shares of First Financial Bankshares during the 2nd quarter worth about $212,000. Finally, Two Sigma Investments LP acquired a new position in shares of First Financial Bankshares during the 1st quarter worth about $216,000. 49.19% of the stock is owned by institutional investors and hedge funds.
Shares of FFIN stock traded up $0.11 on Tuesday, reaching $29.99. 225,342 shares of the company’s stock traded hands, compared to its average volume of 492,451. First Financial Bankshares has a 12-month low of $20.70 and a 12-month high of $36.45. The company has a market capitalization of $4.26 billion, a P/E ratio of 23.80 and a beta of 0.98. The business’s 50 day moving average price is $29.50 and its two-hundred day moving average price is $28.91.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 16th were paid a $0.13 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.73%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.98%.
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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