First Financial Bankshares (NASDAQ:FFIN) Issues Earnings Results

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

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock opened at $37.79 on Friday. The firm’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $37.24. First Financial Bankshares has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 26.06 and a beta of 0.83.

Analyst Upgrades and Downgrades

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

Insider Activity at First Financial Bankshares

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

First Financial Bankshares Company Profile

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.