First Financial Bankshares (FFIN) Projected to Post Earnings on Thursday

First Financial Bankshares (NASDAQ:FFIN) is expected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.40 per share and revenue of $144,490.00 billion for the quarter.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $37.62 on Wednesday. The company’s fifty day simple moving average is $38.87 and its two-hundred day simple moving average is $37.12. First Financial Bankshares has a 1 year low of $27.62 and a 1 year high of $44.66. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.83.

Insider Transactions at First Financial Bankshares

In other news, CEO F Scott Dueser sold 25,000 shares of the company’s 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 owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Denny sold 7,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 101,085 shares in the company, valued at approximately $4,156,615.20. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FFIN shares. Stephens boosted their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted 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. Finally, Hovde Group boosted 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.

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.