First Financial Bankshares, Inc. Declares Quarterly Dividend of $0.19 (NASDAQ:FFIN)

First Financial Bankshares, Inc. (NASDAQ:FFIN) declared a quarterly dividend on Tuesday, October 28th. Shareholders of record on Monday, December 15th will be given a dividend of 0.19 per share by the bank on Friday, January 2nd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th.

First Financial Bankshares has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. First Financial Bankshares has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Financial Bankshares to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 40.9%.

First Financial Bankshares Price Performance

FFIN stock traded down $0.16 during mid-day trading on Friday, reaching $31.59. The company had a trading volume of 1,048,991 shares, compared to its average volume of 701,777. The firm has a 50 day moving average of $31.53 and a 200 day moving average of $34.36. The company has a market capitalization of $4.52 billion, a PE ratio of 18.69 and a beta of 0.85. First Financial Bankshares has a 12 month low of $29.80 and a 12 month high of $40.97.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, October 24th. The bank reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The firm had revenue of $161.27 million during the quarter, compared to the consensus estimate of $161.21 million. First Financial Bankshares had a net margin of 29.81% and a return on equity of 14.16%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. Analysts anticipate that First Financial Bankshares will post 1.78 EPS for the current year.

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.