Equities Analysts Offer Predictions for First Financial Bankshares Inc’s Q1 2018 Earnings (FFIN)
First Financial Bankshares Inc (NASDAQ:FFIN) – Stock analysts at SunTrust Banks upped their Q1 2018 earnings estimates for shares of First Financial Bankshares in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $0.49 per share for the quarter, up from their previous estimate of $0.42. SunTrust Banks has a “Hold” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for First Financial Bankshares’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.57 EPS.
A number of other research firms also recently commented on FFIN. BidaskClub downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of First Financial Bankshares in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.17.
First Financial Bankshares (NASDAQ:FFIN) traded up $1.10 during trading hours on Tuesday, reaching $46.15. The company had a trading volume of 511,000 shares, compared to its average volume of 273,733. First Financial Bankshares has a 12-month low of $36.85 and a 12-month high of $48.85. The firm has a market capitalization of $2,980.00, a P/E ratio of 27.63 and a beta of 1.40.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The business had revenue of $83.95 million during the quarter, compared to analyst estimates of $89.87 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 1.65%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 45.51%.
In other First Financial Bankshares news, Director David L. Copeland sold 1,368 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total transaction of $62,271.36. Following the transaction, the director now owns 33,379 shares in the company, valued at $1,519,412.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Amalgamated Bank grew its holdings in First Financial Bankshares by 2.6% during the second quarter. Amalgamated Bank now owns 8,768 shares of the bank’s stock valued at $388,000 after purchasing an additional 225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in First Financial Bankshares by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock valued at $102,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in First Financial Bankshares by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 49,887 shares of the bank’s stock valued at $2,206,000 after purchasing an additional 361 shares during the last quarter. Profund Advisors LLC grew its holdings in First Financial Bankshares by 3.8% during the second quarter. Profund Advisors LLC now owns 14,453 shares of the bank’s stock valued at $639,000 after purchasing an additional 533 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in First Financial Bankshares by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 198,871 shares of the bank’s stock valued at $8,790,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 51.37% of the company’s stock.
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About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
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