First Financial Bankshares, Inc. (NASDAQ:FFIN) Declares $0.18 Quarterly Dividend

First Financial Bankshares, Inc. (NASDAQ:FFIN) announced a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid 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 of this dividend 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% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of FFIN stock opened at $34.98 on Wednesday. The company’s fifty day simple moving average is $36.93 and its two-hundred day simple moving average is $37.76. 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 $5.00 billion, a price-to-earnings ratio of 22.42 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Equities research analysts anticipate that First Financial Bankshares will post 1.78 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at First Financial Bankshares

In related 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 completion of the transaction, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.22% of the company’s stock.

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.