First Financial Bankshares (FFIN) Issues Earnings Results

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First Financial Bankshares (NASDAQ:FFIN) released its earnings results on Thursday. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02, Briefing.com reports. The firm had revenue of $96.48 million during the quarter, compared to the consensus estimate of $97.34 million. First Financial Bankshares had a return on equity of 14.22% and a net margin of 39.25%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share.

Shares of NASDAQ:FFIN opened at $57.31 on Friday. First Financial Bankshares has a one year low of $43.05 and a one year high of $61.86. The firm has a market cap of $3.85 billion, a PE ratio of 28.17 and a beta of 1.26.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.41%.

A number of research firms have weighed in on FFIN. Robert W. Baird began coverage on First Financial Bankshares in a research report on Tuesday. They issued a “neutral” rating and a $60.00 target price for the company. BidaskClub upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $50.67.

About First Financial Bankshares

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 for First Financial Bankshares (NASDAQ:FFIN)

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