First Financial Bankshares, Inc. (FFIN) To Go Ex-Dividend on December 15th

First Financial Bankshares, Inc. (NASDAQ:FFIN) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Monday, December 15th will be paid 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 increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. First Financial Bankshares has a dividend payout ratio of 40.6% 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 $0.76 annual dividend with an expected future payout ratio of 40.9%.

First Financial Bankshares Stock Performance

FFIN traded down $0.16 during trading on Friday, reaching $31.59. 1,048,991 shares of the company’s stock were exchanged, compared to its average volume of 701,777. The company’s fifty day moving average price is $31.53 and its 200-day moving average price is $34.36. The firm 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 fifty-two week low of $29.80 and a fifty-two week high of $40.97.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, October 24th. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). First Financial Bankshares had a return on equity of 14.16% and a net margin of 29.81%.The company had revenue of $161.27 million for the quarter, compared to analyst estimates of $161.21 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. Research analysts forecast that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

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.