First Financial Bankshares (NASDAQ:FFIN) released its quarterly results on Thursday. The bank reported earnings per share of $0.39 for the quarter, beating the consensus estimate of $0.38 by $0.01, Briefing.com reports. First Financial Bankshares had a return on equity of 13.57% and a net margin of 44.72%. The company posted revenue of $129.71 million in the quarter, versus a consensus estimate of $133.28 million. In the same quarter last year, the company earned earnings per share of $0.41. The company’s quarterly revenue increased 2.7% year over year.
The NASDAQ FFIN traded down $0.33 on Friday, hitting $46.48. 15,757 shares of the company were traded, against an average volume of 432,192. The company’s fifty-day moving average price is $51.21 and its 200-day moving average price is $49.35. The stock has a market capitalization of $6.62 billion, a P/E ratio of 29.07 and a beta of 0.87. First Financial Bankshares has a fifty-two week minimum of $37.50 and a fifty-two week maximum of $55.00.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Thursday, December 16 received a dividend of $0.15. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, December 15. First Financial Bankshares’ dividend payout ratio (DPR) is currently 37.27%.
In other First Financial Bankshares news, Director Johnny Trotter bought 1,000 shares of the company in a trade dated Wednesday, December 15. The shares were acquired at an average price of $50.22 per share, with a total value of $50,220.00. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, F CEO Scott Dueser sold 40,000 shares of the company in a trade on Tuesday, December 14. The shares were sold at an average price of $50.74, for a total value of $2,029,600.00. The disclosure of this sale can be found here. Insiders have acquired 2,274 shares of the company worth $115,113 in the past three months. 4.20% of the shares are currently held by company insiders.
A hedge fund recently bought a new stake in the shares of First Financial Bankshares. Two Sigma Advisers LP acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) during Q3, according to the company in its latest filing with the Securities and Exchange Commission. The fund acquired 5,200 shares of the bank, valued at around $239,000. Institutional investors and hedge funds hold 52.79% of the company’s shares.
Separately, Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a target price of $57.00 for the company in a Thursday, January 6 report.
About First Financial Bankshares
First Financial Bankshares, Inc is a bank holding company that provides financial and community banking services. It offers mortgages, savings and checking accounts, car loans and equity loans, online and mobile banking, investment management and trusts and retirement plans. The company was founded in 1956 and is based in Abilene, TX.
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