First Financial Bankshares, Inc. Declares Quarterly Dividend of $0.22 (NASDAQ:FFIN)

First Financial Bankshares, Inc. (NASDAQ:FFINGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, September 14th will be paid a dividend of 0.22 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 14th.

First Financial Bankshares has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. First Financial Bankshares has a dividend payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bankshares to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 41.7%.

First Financial Bankshares Stock Performance

FFIN stock opened at $33.16 on Friday. The stock has a market capitalization of $4.75 billion, a P/E ratio of 17.73 and a beta of 0.81. First Financial Bankshares has a one year low of $28.11 and a one year high of $36.52. The company has a 50 day moving average price of $34.37 and a two-hundred day moving average price of $32.67.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last released its earnings results on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.The firm had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. During the same period in the prior year, the business posted $0.47 earnings per share. Research analysts forecast that First Financial Bankshares will post 2.05 earnings per share for the current fiscal year.

First Financial Bankshares Company Profile

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First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations through a network of locations across Texas.

The company offers consumer and commercial deposit accounts, business and personal loans, mortgage lending, treasury and cash-management services, and online and mobile banking.

See Also

Dividend History for First Financial Bankshares (NASDAQ:FFIN)

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