Analysts expect First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) to announce $135.53 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for First Financial Bankshares’ earnings, with the highest sales estimate coming in at $137.00 million and the lowest estimate coming in at $133.70 million. First Financial Bankshares posted sales of $129.26 million during the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that First Financial Bankshares will report full-year sales of $541.80 million for the current financial year, with estimates ranging from $531.70 million to $548.30 million. For the next year, analysts anticipate that the business will report sales of $575.57 million, with estimates ranging from $562.30 million to $588.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN – Get Rating) last announced its earnings results on Thursday, April 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. First Financial Bankshares had a net margin of 43.17% and a return on equity of 13.52%. The firm had revenue of $134.10 million during the quarter, compared to analyst estimates of $129.97 million.
In other First Financial Bankshares news, Director Kade Matthews bought 5,000 shares of First Financial Bankshares stock in a transaction that occurred on Friday, April 29th. The stock was acquired at an average cost of $40.80 per share, for a total transaction of $204,000.00. Following the completion of the transaction, the director now directly owns 10,848 shares in the company, valued at $442,598.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johnny Trotter acquired 2,000 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was purchased at an average price of $44.84 per share, with a total value of $89,680.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 29,500 shares of company stock valued at $1,267,000. 4.19% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in FFIN. Sageworth Trust Co of South Dakota purchased a new stake in First Financial Bankshares during the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC increased its holdings in shares of First Financial Bankshares by 803.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 705 shares of the bank’s stock worth $31,000 after purchasing an additional 627 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in First Financial Bankshares in the first quarter worth about $32,000. Ahrens Investment Partners LLC grew its position in First Financial Bankshares by 520.2% in the first quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank’s stock worth $34,000 after acquiring an additional 645 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of 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 during the period. 53.35% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:FFIN opened at $40.68 on Monday. The company’s 50 day moving average is $42.98 and its 200-day moving average is $47.71. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 25.75 and a beta of 0.86. First Financial Bankshares has a 12 month low of $39.63 and a 12 month high of $55.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 16th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, June 15th. First Financial Bankshares’s dividend payout ratio (DPR) is 37.97%.
About First Financial Bankshares (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.
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