Home Hedge Funds Brokerages Expect First Financial Bankshares, Inc. (NASDAQ:FFIN) to Post $0.40 Earnings Per...

Brokerages Expect First Financial Bankshares, Inc. (NASDAQ:FFIN) to Post $0.40 Earnings Per Share

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Analysts expect First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) to report $0.40 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Financial Bankshares’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. First Financial Bankshares posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Financial Bankshares will report full-year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.60. For the next financial year, analysts anticipate that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.61 to $1.72. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFINGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $134.10 million for the quarter, compared to the consensus estimate of $129.97 million. First Financial Bankshares had a net margin of 43.17% and a return on equity of 13.52%.

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FFIN has been the topic of several recent analyst reports. StockNews.com raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, April 27th.

Shares of FFIN opened at $41.30 on Friday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 26.14 and a beta of 0.86. The company’s 50 day simple moving average is $41.84 and its 200 day simple moving average is $46.66. First Financial Bankshares has a 1 year low of $39.09 and a 1 year high of $55.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 16th will be paid a dividend of $0.17 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, June 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. First Financial Bankshares’s dividend payout ratio is presently 37.97%.

In other news, Director Johnny Trotter bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was acquired at an average price of $45.78 per share, for a total transaction of $91,560.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael B. Denny bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average cost of $40.65 per share, with a total value of $101,625.00. Following the transaction, the director now owns 85,958 shares in the company, valued at approximately $3,494,192.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 30,000 shares of company stock worth $1,278,945. 4.19% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in FFIN. Sageworth Trust Co of South Dakota acquired a new position in First Financial Bankshares during the fourth quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC lifted its position in First Financial Bankshares by 803.8% during the first quarter. Steward Partners Investment Advisory LLC now owns 705 shares of the bank’s stock valued at $31,000 after buying an additional 627 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in First Financial Bankshares during the first quarter valued at approximately $32,000. Ahrens Investment Partners LLC lifted its position in First Financial Bankshares by 520.2% during the first quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank’s stock valued at $34,000 after buying an additional 645 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in First Financial Bankshares by 807.3% during the first quarter. Meeder Asset Management Inc. now owns 1,116 shares of the bank’s stock valued at $49,000 after buying an additional 993 shares in the last quarter. 53.35% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Company Profile (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

Further Reading

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

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