First Financial Bankshares Inc. (FFIN) Set to Announce Earnings on Thursday
First Financial Bankshares Inc. (NASDAQ:FFIN) will be posting its quarterly earnings results after the market closes on Thursday, October 20th. Analysts expect First Financial Bankshares to post earnings of $0.40 per share for the quarter.
Shares of First Financial Bankshares Inc. (NASDAQ:FFIN) opened at 36.24 on Wednesday. The company has a 50-day moving average of $36.35 and a 200-day moving average of $33.77. The stock has a market capitalization of $2.38 billion, a PE ratio of 23.23 and a beta of 1.35. First Financial Bankshares Inc. has a 12 month low of $24.12 and a 12 month high of $37.39.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, September 13th. First Financial Bankshares’s payout ratio is 45.57%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BOKF NA increased its position in First Financial Bankshares by 0.3% in the second quarter. BOKF NA now owns 10,441 shares of the company’s stock worth $342,000 after buying an additional 34 shares during the last quarter. BlackRock Inc. increased its position in First Financial Bankshares by 146.7% in the second quarter. BlackRock Inc. now owns 10,584 shares of the company’s stock worth $347,000 after buying an additional 6,293 shares during the last quarter. Thrivent Financial for Lutherans increased its position in First Financial Bankshares by 4.5% in the second quarter. Thrivent Financial for Lutherans now owns 31,760 shares of the company’s stock worth $1,041,000 after buying an additional 1,370 shares during the last quarter. Arizona State Retirement System increased its position in First Financial Bankshares by 1.2% in the second quarter. Arizona State Retirement System now owns 34,260 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares during the last quarter. Finally, Pacad Investment Ltd. increased its position in First Financial Bankshares by 24.1% in the second quarter. Pacad Investment Ltd. now owns 34,500 shares of the company’s stock worth $1,131,000 after buying an additional 6,700 shares during the last quarter. 45.70% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Friday, September 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and an average target price of $31.83.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
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