First Financial Bankshares (FFIN) to Release Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) is scheduled to issue its quarterly earnings data on Thursday, April 18th.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $119.49 million for the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a return on equity of 14.53% and a net margin of 31.28%. The company's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. 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 Trading Down 1.3 %

Shares of NASDAQ:FFIN traded down $0.37 during midday trading on Wednesday, hitting $28.65. 438,488 shares of the stock were exchanged, compared to its average volume of 503,292. The stock has a market cap of $4.09 billion, a P/E ratio of 20.46 and a beta of 0.82. First Financial Bankshares has a twelve month low of $22.84 and a twelve month high of $33.15. The company has a 50 day moving average price of $31.19 and a 200-day moving average price of $28.81.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Bankshares's dividend payout ratio (DPR) is presently 51.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at about $53,000. KBC Group NV acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at about $62,000. Dark Forest Capital Management LP increased its stake in shares of First Financial Bankshares by 200.9% during the 1st quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank's stock valued at $65,000 after acquiring an additional 1,350 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of First Financial Bankshares during the 1st quarter valued at about $109,000. Finally, US Bancorp DE grew its holdings in shares of First Financial Bankshares by 33.7% during the 4th quarter. US Bancorp DE now owns 4,003 shares of the bank's stock worth $121,000 after purchasing an additional 1,009 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FFIN. Stephens lifted their price target on First Financial Bankshares from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research note 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 for the company in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a "market perform" rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.