First Financial Bankshares (FFIN) Set to Announce Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN) is set to announce its earnings results on Thursday, April 18th.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $119.49 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. 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 1.2 %

FFIN stock traded down $0.35 during mid-day trading on Wednesday, hitting $28.67. 280,685 shares of the company were exchanged, compared to its average volume of 500,291. First Financial Bankshares has a 12-month low of $22.84 and a 12-month high of $33.15. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.71 and a beta of 0.82. The business has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $28.82.

First Financial Bankshares Announces Dividend

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

Institutional Trading of First Financial Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of FFIN. Captrust Financial Advisors boosted its position in shares of First Financial Bankshares by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 8,691 shares of the bank’s stock worth $299,000 after buying an additional 328 shares in the last quarter. Creative Planning raised its position in First Financial Bankshares by 4.9% during the second quarter. Creative Planning now owns 8,114 shares of the bank’s stock worth $319,000 after acquiring an additional 380 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of First Financial Bankshares by 2.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 17,232 shares of the bank’s stock valued at $522,000 after purchasing an additional 461 shares in the last quarter. First Republic Investment Management Inc. grew its position in shares of First Financial Bankshares by 2.3% in the first quarter. First Republic Investment Management Inc. now owns 23,353 shares of the bank’s stock valued at $745,000 after purchasing an additional 526 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of First Financial Bankshares by 0.4% in the third quarter. Retirement Systems of Alabama now owns 169,820 shares of the bank’s stock valued at $7,104,000 after purchasing an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

FFIN has been the subject of a number of research analyst reports. Stephens raised their target price on First Financial Bankshares from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Truist Financial cut their target price on shares of First Financial Bankshares from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods increased their price objective 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 equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.75.

About First Financial Bankshares

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.