Wall Street brokerage houses predict that First Financial Bankshares, Inc. (NASDAQ: FFIN) will post earnings per share of $ 0.38 for the current fiscal quarter, according to Zacks. Three analysts estimated First Financial Bankshares earnings, with the highest estimate of EPS of $ 0.39 and the lowest estimate of $ 0.38. First Financial Bankshares reported earnings per share of $ 0.37 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report on Thursday, October 28.

According to Zacks, analysts expect First Financial Bankshares to report annual earnings of $ 1.56 per share for the current year, with EPS estimates ranging from $ 1.54 to $ 1.57. For next year, analysts expect the company to post earnings of $ 1.42 per share, with EPS estimates ranging from $ 1.39 to $ 1.48. Zacks earnings per share averages are an average based on a survey of research companies that track First Financial Bankshares.

First Financial Bankshares (NASDAQ: FFIN) last reported results on Monday, July 26. The bank reported earnings per share of $ 0.39 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.38 of $ 0.01. The company posted revenue of $ 129.26 million in the quarter, compared to analysts’ estimates of $ 128.60 million. First Financial Bankshares had a net margin of 43.97% and a return on equity of 13.44%.

FFIN has been the subject of several research reports. Stephens reissued an “equal weight” rating and set a price target of $ 47.76 (from $ 47.00 previously) for shares of First Financial Bankshares in a research report released on Tuesday, July 27. Janney Montgomery Scott launched a cover on the shares of First Financial Bankshares in a research report on Tuesday, August 31. They set a “neutral” rating and a target price of $ 50.00 on the stock. Finally, Zacks Investment Research reduced shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report released on Thursday, September 9.

FFIN stock traded down $ 0.49 at midday on Thursday, reaching $ 43.50. 2,274 shares of the company were traded, for an average volume of 463,834. The company has a market cap of $ 6.19 billion, a P / E ratio of 27.75 and a beta of 0.88. The company has a fifty-day simple moving average of $ 47.82 and a 200-day simple moving average of $ 48.42. First Financial Bankshares has a 12-month low of $ 26.71 and a 12-month high of $ 52.49.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1. Shareholders of record on Thursday, September 16 will receive a dividend of $ 0.15 per share. The ex-dividend date of this dividend is Wednesday September 15. This represents a dividend of $ 0.60 on an annualized basis and a return of 1.38%. The payout ratio of First Financial Bankshares is currently 42.25%.

In other news from First Financial Bankshares, Director Johnny Trotter bought 2,500 shares in a deal dated Tuesday, September 14. The shares were purchased at an average cost of $ 43.68 per share, for a total value of $ 109,200.00. Following the acquisition, the Director now owns 869,793 shares of the company, valued at $ 37,992,558.24. The purchase was disclosed in a filing with the SEC, which is available through this link. In addition, director Murray Hamilton Edwards bought 1,000 shares in a trade that took place on Friday, August 13. The shares were purchased at an average cost of $ 49.01 per share, for a total transaction of $ 49,010.00. Following the completion of the acquisition, the Director now owns 191,417 shares of the company, valued at $ 9,381,347.17. Disclosure of this purchase can be found here. In the past 90 days, insiders bought 10,846 shares of the company valued at $ 504,709. Insiders own 4.20% of the shares of the company.

Several hedge funds have recently changed their holdings to FFIN. Great West Life Assurance Co. Can increased its stake in First Financial Bankshares by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 54,682 shares of the bank valued at $ 2,687,000 after purchasing an additional 325 shares in the last quarter. CNA Financial Corp increased its stake in First Financial Bankshares by 1.4% in the second quarter. CNA Financial Corp now owns 27,860 shares of the bank valued at $ 1,369,000 after purchasing 380 additional shares in the last quarter. Point72 Hong Kong Ltd increased its holdings of shares of First Financial Bankshares by 136.9% in the first quarter. Point72 Hong Kong Ltd now owns 694 shares of the bank valued at $ 32,000 after acquiring 401 additional shares in the last quarter. GWM Advisors LLC increased its equity stake in First Financial Bankshares by 1.3% in the second quarter. GWM Advisors LLC now owns 38,603 shares of the bank valued at $ 1,897,000 after acquiring 489 additional shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings of First Financial Bankshares shares by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 70,855 shares of the bank valued at $ 3,311,000 after acquiring 543 additional shares in the last quarter. 53.68% of the shares are currently held by institutional investors and hedge funds.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a banking holding company that provides financial and community banking services. It offers mortgages, savings and chequing accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, Texas.

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