$133.50 Million in Sales Expected for First Financial Bankshares, Inc. (NASDAQ:FFIN) This Quarter

Brokerages predict that First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) will post sales of $133.50 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for First Financial Bankshares’ earnings. The highest sales estimate is $138.50 million and the lowest is $128.30 million. First Financial Bankshares reported sales of $129.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.3%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that First Financial Bankshares will report full year sales of $535.70 million for the current year, with estimates ranging from $525.90 million to $549.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $569.13 million, with estimates ranging from $562.30 million to $580.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover First Financial Bankshares.

First Financial Bankshares (NASDAQ:FFINGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. First Financial Bankshares had a return on equity of 13.04% and a net margin of 43.17%.

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, January 6th.

In other First Financial Bankshares news, Director Johnny Trotter acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was purchased at an average price of $45.78 per share, with a total value of $91,560.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Denny acquired 10,000 shares of the business’s stock in a transaction on Monday, March 7th. The stock was acquired at an average cost of $45.28 per share, with a total value of $452,800.00. The disclosure for this purchase can be found here. Insiders have bought 17,212 shares of company stock valued at $785,094 in the last three months. Insiders own 4.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its position in shares of First Financial Bankshares by 80.6% during the 2nd quarter. Morgan Stanley now owns 379,931 shares of the bank’s stock valued at $18,666,000 after acquiring an additional 169,617 shares during the period. SG Americas Securities LLC lifted its position in First Financial Bankshares by 7.6% during the third quarter. SG Americas Securities LLC now owns 73,674 shares of the bank’s stock worth $3,385,000 after purchasing an additional 5,178 shares during the period. Raymond James & Associates grew its stake in First Financial Bankshares by 1.5% during the third quarter. Raymond James & Associates now owns 39,929 shares of the bank’s stock worth $1,835,000 after buying an additional 574 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in First Financial Bankshares by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 117,227 shares of the bank’s stock valued at $5,387,000 after buying an additional 4,035 shares during the period. Finally, Van ECK Associates Corp increased its holdings in First Financial Bankshares by 59.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,736 shares of the bank’s stock valued at $126,000 after buying an additional 1,018 shares during the period. 53.50% of the stock is owned by hedge funds and other institutional investors.

Shares of First Financial Bankshares stock opened at $41.33 on Tuesday. The firm’s fifty day simple moving average is $44.96. First Financial Bankshares has a 1 year low of $40.41 and a 1 year high of $55.00. The firm has a market cap of $5.89 billion, a P/E ratio of 26.16 and a beta of 0.85.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Wednesday, March 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Tuesday, March 15th. First Financial Bankshares’s dividend payout ratio is currently 37.97%.

First Financial Bankshares Company Profile (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

Featured Articles

Get a free copy of the Zacks research report on First Financial Bankshares (FFIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Financial Bankshares (NASDAQ:FFIN)

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.