Wall Street analysts expect that First Financial Bankshares Inc (NASDAQ:FFIN) will report sales of $96.48 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Financial Bankshares’ earnings, with the lowest sales estimate coming in at $95.65 million and the highest estimate coming in at $97.50 million. First Financial Bankshares posted sales of $89.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The company is expected to announce its next quarterly earnings report on Thursday, April 18th.
On average, analysts expect that First Financial Bankshares will report full year sales of $402.54 million for the current fiscal year, with estimates ranging from $400.41 million to $405.80 million. For the next year, analysts anticipate that the company will post sales of $424.63 million, with estimates ranging from $419.10 million to $434.70 million. Zacks’ sales averages are an average based on a survey of research firms that cover First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $97.07 million for the quarter, compared to analyst estimates of $97.87 million. First Financial Bankshares had a net margin of 38.29% and a return on equity of 14.74%. During the same quarter last year, the firm earned $0.55 EPS.
FFIN traded up $0.24 during trading on Friday, hitting $57.78. 1,110,479 shares of the stock traded hands, compared to its average volume of 1,075,647. The stock has a market capitalization of $3.90 billion, a P/E ratio of 26.50 and a beta of 1.16. First Financial Bankshares has a 12-month low of $45.05 and a 12-month high of $66.83.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 1.45%. First Financial Bankshares’s payout ratio is currently 38.53%.
In other news, Director Johnny Trotter purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $60.49 per share, with a total value of $302,450.00. Following the transaction, the director now directly owns 389,926 shares of the company’s stock, valued at approximately $23,586,623.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.90% of the company’s stock.
Several large investors have recently bought and sold shares of FFIN. Wells Fargo & Company MN lifted its position in shares of First Financial Bankshares by 1.3% in the 3rd quarter. Wells Fargo & Company MN now owns 354,294 shares of the bank’s stock worth $20,939,000 after purchasing an additional 4,555 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of First Financial Bankshares in the 3rd quarter worth about $646,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of First Financial Bankshares by 12.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,155 shares of the bank’s stock worth $955,000 after purchasing an additional 1,851 shares during the period. Bank of New York Mellon Corp lifted its position in shares of First Financial Bankshares by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 940,752 shares of the bank’s stock worth $55,598,000 after purchasing an additional 12,202 shares during the period. Finally, BlackRock Inc. lifted its position in shares of First Financial Bankshares by 3.6% in the 3rd quarter. BlackRock Inc. now owns 9,775,130 shares of the bank’s stock worth $577,710,000 after purchasing an additional 342,394 shares during the period. 54.89% of the stock is owned by hedge funds and other 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.
Further Reading: How are the companies in the S&P 500 selected?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.