Wall Street analysts expect that First Financial Bankshares Inc (NASDAQ:FFIN) will report earnings of $0.56 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Financial Bankshares’ earnings. First Financial Bankshares posted earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.3%. The firm is expected to announce its next earnings report on Thursday, October 18th.

On average, analysts expect that First Financial Bankshares will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.18 to $2.19. For the next financial year, analysts forecast that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 19th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. First Financial Bankshares had a net margin of 37.86% and a return on equity of 13.29%. The firm had revenue of $93.10 million during the quarter, compared to analyst estimates of $93.10 million. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue was up 13.1% on a year-over-year basis.

A number of research firms have issued reports on FFIN. BidaskClub upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, July 23rd. Finally, Robert W. Baird began coverage on shares of First Financial Bankshares in a research report on Tuesday. They issued a “neutral” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.67.

FFIN stock traded up $1.52 during midday trading on Tuesday, reaching $57.47. The company had a trading volume of 297,700 shares, compared to its average volume of 219,896. First Financial Bankshares has a 1 year low of $43.05 and a 1 year high of $61.86. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 32.67 and a beta of 1.26.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 17th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. First Financial Bankshares’s payout ratio is 49.41%.

Hedge funds have recently added to or reduced their stakes in the business. Smith Asset Management Group LP lifted its position in First Financial Bankshares by 10.8% in the 2nd quarter. Smith Asset Management Group LP now owns 13,800 shares of the bank’s stock worth $702,000 after buying an additional 1,350 shares in the last quarter. Swiss National Bank lifted its position in First Financial Bankshares by 3.1% in the 2nd quarter. Swiss National Bank now owns 95,100 shares of the bank’s stock worth $4,841,000 after buying an additional 2,900 shares in the last quarter. Amalgamated Bank lifted its position in First Financial Bankshares by 16.3% in the 2nd quarter. Amalgamated Bank now owns 10,614 shares of the bank’s stock worth $540,000 after buying an additional 1,485 shares in the last quarter. Royal Bank of Canada lifted its position in First Financial Bankshares by 36.5% in the 1st quarter. Royal Bank of Canada now owns 15,610 shares of the bank’s stock worth $722,000 after buying an additional 4,174 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in First Financial Bankshares by 6.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 400,439 shares of the bank’s stock worth $20,383,000 after buying an additional 23,208 shares in the last quarter. Institutional investors own 53.78% of the company’s stock.

First Financial Bankshares Company Profile

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.

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

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