Earnings and Growth Analysis : First Financial Bankshares (NASDAQ:FFIN)

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Earnings results for First Financial Bankshares (NASDAQ:FFIN)

First Financial Bankshares, Inc. is estimated to report earnings on 10/15/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.36. The reported EPS for the same quarter last year was $0.32.

First Financial Bankshares last issued its quarterly earnings results on July 23rd, 2020. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The company earned $129.06 million during the quarter, compared to analyst estimates of $111.90 million. First Financial Bankshares has generated $1.21 earnings per share over the last year and currently has a price-to-earnings ratio of 23.1. First Financial Bankshares has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 15th, 2020 based off prior year’s report dates.

Analyst Opinion on First Financial Bankshares (NASDAQ:FFIN)

2 Wall Street analysts have issued ratings and price targets for First Financial Bankshares in the last 12 months. Their average twelve-month price target is $31.00, predicting that the stock has a possible upside of 6.51%. The high price target for FFIN is $33.00 and the low price target for FFIN is $29.00. There are currently 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

First Financial Bankshares has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $31.00, First Financial Bankshares has a forecasted upside of 6.5% from its current price of $29.11. First Financial Bankshares has received no research coverage in the past 90 days.

Dividend Strength: First Financial Bankshares (NASDAQ:FFIN)

First Financial Bankshares pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends. First Financial Bankshares has been increasing its dividend for 9 years. The dividend payout ratio of First Financial Bankshares is 42.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Financial Bankshares will have a dividend payout ratio of 39.39% next year. This indicates that First Financial Bankshares will be able to sustain or increase its dividend.

Insiders buying/selling: First Financial Bankshares (NASDAQ:FFIN)

In the past three months, First Financial Bankshares insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $104,619.00 in company stock and sold $0.00 in company stock. Only 4.44% of the stock of First Financial Bankshares is held by insiders. 49.19% of the stock of First Financial Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of First Financial Bankshares (NASDAQ:FFIN

Earnings for First Financial Bankshares are expected to decrease by -0.75% in the coming year, from $1.33 to $1.32 per share. The P/E ratio of First Financial Bankshares is 23.10, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.74. The P/E ratio of First Financial Bankshares is 23.10, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.53. First Financial Bankshares has a P/B Ratio of 3.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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