First Financial Bankshares Inc (NASDAQ:FFIN) declared a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.12 per share by the bank on Tuesday, October 1st. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, September 13th.

First Financial Bankshares has increased its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 8 years. First Financial Bankshares has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Financial Bankshares to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.1%.

NASDAQ:FFIN traded up $0.61 during mid-day trading on Wednesday, hitting $32.93. 21,299 shares of the company’s stock traded hands, compared to its average volume of 304,416. The company has a fifty day moving average of $31.22 and a 200 day moving average of $45.69. First Financial Bankshares has a twelve month low of $26.73 and a twelve month high of $33.43. The company has a market capitalization of $4.32 billion, a P/E ratio of 30.23 and a beta of 1.18.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. First Financial Bankshares had a return on equity of 14.82% and a net margin of 38.62%. The business had revenue of $101.26 million for the quarter, compared to analyst estimates of $99.90 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Analysts expect that First Financial Bankshares will post 1.2 earnings per share for the current year.

Several analysts have weighed in on the stock. BidaskClub raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Stephens reiterated a “hold” rating and set a $30.00 price objective on shares of First Financial Bankshares in a research note on Friday, July 19th. ValuEngine lowered shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Piper Jaffray Companies set a $29.00 target price on First Financial Bankshares and gave the company a “hold” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.75.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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Dividend History for First Financial Bankshares (NASDAQ:FFIN)

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