Brokerages Expect First Financial Bankshares Inc (NASDAQ:FFIN) Will Post Quarterly Sales of $102.20 Million
Equities research analysts expect First Financial Bankshares Inc (NASDAQ:FFIN) to announce sales of $102.20 million for the current quarter, according to Zacks. Two analysts have provided estimates for First Financial Bankshares’ earnings. The highest sales estimate is $102.60 million and the lowest is $101.80 million. First Financial Bankshares posted sales of $98.72 million in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is expected to issue its next quarterly earnings results on Thursday, October 17th.
On average, analysts expect that First Financial Bankshares will report full year sales of $400.65 million for the current financial year, with estimates ranging from $399.30 million to $402.00 million. For the next financial year, analysts anticipate that the firm will report sales of $425.30 million, with estimates ranging from $418.50 million to $432.10 million. Zacks’ sales averages are an average based on a survey of analysts that cover First Financial Bankshares.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $101.26 million for the quarter, compared to the consensus estimate of $99.90 million. First Financial Bankshares had a return on equity of 15.21% and a net margin of 38.62%. During the same quarter in the previous year, the business earned $0.49 EPS.
In other First Financial Bankshares news, Director Johnny Trotter acquired 2,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of $60.67 per share, with a total value of $121,340.00. Following the transaction, the director now owns 405,913 shares in the company, valued at approximately $24,626,741.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David L. Copeland sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.68, for a total value of $308,400.00. Following the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at $2,102,917.92. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 11,181 shares of company stock worth $663,178. 4.90% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of First Financial Bankshares by 7.4% in the 4th quarter. LPL Financial LLC now owns 3,753 shares of the bank’s stock valued at $217,000 after purchasing an additional 258 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of First Financial Bankshares by 20.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock valued at $127,000 after purchasing an additional 381 shares during the last quarter. Raymond James & Associates boosted its stake in shares of First Financial Bankshares by 13.3% in the 4th quarter. Raymond James & Associates now owns 11,868 shares of the bank’s stock valued at $685,000 after purchasing an additional 1,391 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of First Financial Bankshares by 49.1% in the 4th quarter. Advisor Group Inc. now owns 9,786 shares of the bank’s stock valued at $565,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of First Financial Bankshares by 5.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 86,879 shares of the bank’s stock valued at $4,622,000 after purchasing an additional 4,548 shares during the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
NASDAQ FFIN traded up $0.86 during trading hours on Monday, hitting $30.86. 612,930 shares of the company were exchanged, compared to its average volume of 420,860. The company’s 50 day simple moving average is $32.28. First Financial Bankshares has a 52-week low of $26.73 and a 52-week high of $33.42. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 28.31 and a beta of 1.16.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 1.56%. First Financial Bankshares’s dividend payout ratio (DPR) is 44.04%.
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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