First Financial Bankshares, Inc. (FFIN) to Issue Quarterly Dividend of $0.18 on April 1st

First Financial Bankshares, Inc. (NASDAQ:FFIN) declared a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.18 per share by the bank on Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, March 14th.

First Financial Bankshares has increased its dividend by an average of 7.5% per year over the last three years and has raised its dividend every year for the last 14 years. First Financial Bankshares has a dividend payout ratio of 39.3% meaning 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 $0.72 annual dividend with an expected future payout ratio of 38.7%.

First Financial Bankshares Stock Performance

FFIN stock opened at $34.98 on Wednesday. The company has a market capitalization of $5.00 billion, a P/E ratio of 22.42 and a beta of 0.78. First Financial Bankshares has a 52-week low of $27.62 and a 52-week high of $44.66. The business has a 50-day simple moving average of $36.93 and a two-hundred day simple moving average of $37.76.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, sell-side analysts forecast that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred 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 sale, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th.

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.