First Financial Bankshares (NASDAQ:FFIN – Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01, Yahoo Finance reports. The company had revenue of $184.94 million during the quarter, compared to analyst estimates of $134.10 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 29.13%.
First Financial Bankshares Stock Performance
First Financial Bankshares stock opened at $35.69 on Friday. The firm has a market capitalization of $5.10 billion, a PE ratio of 25.49 and a beta of 0.80. First Financial Bankshares has a one year low of $22.84 and a one year high of $36.64. The stock’s 50 day moving average price is $29.93 and its 200 day moving average price is $30.39.
First Financial Bankshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.18 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 51.43%.
Insider Buying and Selling at First Financial Bankshares
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on FFIN. Truist Financial dropped their target price on shares of First Financial Bankshares from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Stephens increased their price objective on shares of First Financial Bankshares from $31.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday.
Get Our Latest Research Report on FFIN
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.
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