First Financial Bankshares (NASDAQ:FFIN) Posts Earnings Results, Beats Estimates By $0.03 EPS

First Financial Bankshares (NASDAQ:FFIN) posted its quarterly earnings data on Thursday. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03, Zacks reports. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN traded down $0.70 during trading on Thursday, reaching $36.54. 428,994 shares of the stock were exchanged, compared to its average volume of 504,100. First Financial Bankshares has a 1-year low of $27.62 and a 1-year high of $44.66. The stock has a fifty day moving average of $38.68 and a two-hundred day moving average of $37.18. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 25.20 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens lifted their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Hovde Group lifted their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.

Insider Transactions at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael B. Denny sold 7,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. 4.22% of the stock is owned by insiders.

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.