Zacks: Analysts Expect First Financial Bankshares Inc (NASDAQ:FFIN) Will Post Earnings of $0.31 Per Share

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Analysts expect that First Financial Bankshares Inc (NASDAQ:FFIN) will report earnings of $0.31 per share for the current quarter, Zacks reports. Two analysts have made estimates for First Financial Bankshares’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. First Financial Bankshares reported earnings per share of $0.29 in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is expected to report its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that First Financial Bankshares will report full year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.23. For the next fiscal year, analysts forecast that the company will report earnings of $1.28 per share, with EPS estimates ranging from $1.24 to $1.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. First Financial Bankshares had a return on equity of 14.40% and a net margin of 38.59%. The company had revenue of $102.88 million for the quarter, compared to analysts’ expectations of $102.20 million. During the same period in the previous year, the firm earned $0.59 EPS.

A number of research firms have recently issued reports on FFIN. BidaskClub downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. ValuEngine raised First Financial Bankshares from a “strong sell” rating to a “sell” rating in a research report on Friday, November 15th. Piper Jaffray Companies set a $29.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, Stephens set a $33.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.33.

In related news, Director Michael B. Denny acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $34.77 per share, with a total value of $52,155.00. Following the completion of the transaction, the director now directly owns 1,974 shares in the company, valued at $68,635.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 2,560 shares of company stock worth $89,150. 4.90% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in First Financial Bankshares by 90.0% in the third quarter. Nisa Investment Advisors LLC now owns 950 shares of the bank’s stock valued at $32,000 after buying an additional 450 shares during the last quarter. Advisory Services Network LLC raised its stake in First Financial Bankshares by 223.4% in the second quarter. Advisory Services Network LLC now owns 1,174 shares of the bank’s stock valued at $36,000 after buying an additional 811 shares during the last quarter. Liberty Wealth Management LLC raised its stake in shares of First Financial Bankshares by 100.0% in the second quarter. Liberty Wealth Management LLC now owns 1,260 shares of the bank’s stock worth $39,000 after purchasing an additional 630 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of First Financial Bankshares by 5,875.0% in the second quarter. Toronto Dominion Bank now owns 1,434 shares of the bank’s stock worth $44,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of First Financial Bankshares by 87.3% in the second quarter. Public Employees Retirement System of Ohio now owns 1,686 shares of the bank’s stock worth $52,000 after purchasing an additional 786 shares during the last quarter. Institutional investors own 51.46% of the company’s stock.

Shares of FFIN traded down $0.17 during midday trading on Wednesday, reaching $34.40. 5,836 shares of the stock were exchanged, compared to its average volume of 272,591. First Financial Bankshares has a 52 week low of $26.73 and a 52 week high of $35.86. The company’s 50 day moving average is $34.34 and its two-hundred day moving average is $35.29. The company has a market capitalization of $4.70 billion, a P/E ratio of 31.55 and a beta of 1.17.

About First Financial Bankshares

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.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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

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