First Financial Bankshares (FFIN) to Release Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN) is projected to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $144,490.00 billion for the quarter.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. The company had revenue of $142.10 million during the quarter, compared to the consensus estimate of $140.25 million. On average, analysts expect First Financial Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Financial Bankshares Trading Up 1.7 %

NASDAQ:FFIN opened at $36.86 on Thursday. First Financial Bankshares has a 12 month low of $27.06 and a 12 month high of $44.66. The company has a market cap of $5.27 billion, a PE ratio of 25.42 and a beta of 0.83. The company has a 50 day simple moving average of $39.26 and a two-hundred day simple moving average of $36.90.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, December 13th. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Insider Transactions at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group boosted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Truist Financial upped their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th.

First Financial Bankshares Company Profile

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.