First Financial Bankshares (NASDAQ:FFIN) Announces Quarterly Earnings Results

First Financial Bankshares (NASDAQ:FFIN) posted its quarterly earnings data on Thursday. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 Stock Performance

Shares of NASDAQ FFIN traded down $0.70 during mid-day trading on Thursday, reaching $36.54. The company had a trading volume of 428,994 shares, compared to its average volume of 488,317. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.20 and a beta of 0.83. The stock has a fifty day moving average of $38.68 and a two-hundred day moving average of $37.18. First Financial Bankshares has a 12-month low of $27.62 and a 12-month high of $44.66.

Wall Street Analyst Weigh In

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

Insider Activity at First Financial Bankshares

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