First Financial Bankshares (FFIN) to Release Quarterly Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN) is scheduled to be issuing its quarterly earnings data on Thursday, April 18th.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 25th. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $119.49 million during the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a net margin of 31.28% and a return on equity of 14.53%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. On average, analysts expect First Financial Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Financial Bankshares Stock Down 1.3 %

First Financial Bankshares stock traded down $0.37 during mid-day trading on Wednesday, hitting $28.65. The company had a trading volume of 438,488 shares, compared to its average volume of 501,297. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 20.71 and a beta of 0.82. First Financial Bankshares has a 1 year low of $22.84 and a 1 year high of $33.15. The business has a fifty day moving average of $31.23 and a 200 day moving average of $28.82.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.51%. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

Hedge Funds Weigh In On First Financial Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of FFIN. BlackRock Inc. lifted its position in shares of First Financial Bankshares by 2.3% in the 2nd quarter. BlackRock Inc. now owns 15,408,942 shares of the bank’s stock worth $439,001,000 after acquiring an additional 339,634 shares during the period. Vanguard Group Inc. lifted its position in shares of First Financial Bankshares by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank’s stock worth $438,306,000 after acquiring an additional 120,252 shares during the period. State Street Corp lifted its position in shares of First Financial Bankshares by 8.6% in the 2nd quarter. State Street Corp now owns 5,881,523 shares of the bank’s stock worth $168,569,000 after acquiring an additional 468,161 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of First Financial Bankshares by 19.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,513,355 shares of the bank’s stock worth $112,076,000 after acquiring an additional 570,999 shares during the period. Finally, Geode Capital Management LLC increased its holdings in First Financial Bankshares by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 2,680,598 shares of the bank’s stock valued at $85,511,000 after purchasing an additional 91,704 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on FFIN. Truist Financial reduced their target price on First Financial Bankshares from $35.00 to $34.00 and set a “hold” rating for the company in a report on Monday, April 1st. Stephens lifted their price objective on First Financial Bankshares from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, First Financial Bankshares currently has a consensus rating of “Hold” and a consensus target price of $30.75.

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.