First Financial Bankshares Inc (NASDAQ:FFIN) – Analysts at Truist Securiti cut their Q4 2020 earnings per share estimates for shares of First Financial Bankshares in a research note issued on Monday, September 14th. Truist Securiti analyst J. Demba now anticipates that the bank will earn $0.30 per share for the quarter, down from their previous estimate of $0.31.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. The company had revenue of $129.06 million for the quarter, compared to analyst estimates of $111.90 million. First Financial Bankshares had a net margin of 37.70% and a return on equity of 12.65%.

A number of other research firms also recently commented on FFIN. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 27th. BidaskClub downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, September 2nd. Finally, TheStreet raised shares of First Financial Bankshares from a “c+” rating to a “b-” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.33.

NASDAQ:FFIN opened at $29.18 on Wednesday. The company has a 50-day moving average of $30.74 and a 200-day moving average of $28.57. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 23.16 and a beta of 0.95. First Financial Bankshares has a 52 week low of $20.70 and a 52 week high of $36.45.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 16th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, September 15th. First Financial Bankshares’s dividend payout ratio is currently 42.98%.

In other news, Director Michael B. Denny purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $30.73 per share, with a total value of $30,730.00. Following the acquisition, the director now directly owns 4,130 shares of the company’s stock, valued at approximately $126,914.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johnny Trotter purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $29.33 per share, with a total value of $58,660.00. Following the completion of the acquisition, the director now directly owns 852,082 shares in the company, valued at $24,991,565.06. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,504 shares of company stock valued at $104,619 over the last three months. 4.44% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FFIN. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of First Financial Bankshares by 35.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,931 shares of the bank’s stock worth $293,000 after acquiring an additional 2,876 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of First Financial Bankshares by 7.4% in the first quarter. Cetera Advisors LLC now owns 18,318 shares of the bank’s stock worth $492,000 after acquiring an additional 1,264 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of First Financial Bankshares in the first quarter worth about $264,000. Swiss National Bank raised its stake in shares of First Financial Bankshares by 1.3% in the first quarter. Swiss National Bank now owns 237,100 shares of the bank’s stock worth $6,364,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of First Financial Bankshares by 21.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 47,193 shares of the bank’s stock worth $1,267,000 after acquiring an additional 8,393 shares during the last quarter. 49.19% of the stock is owned by institutional investors.

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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