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

by · The Markets Daily

First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) 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 – Get Free Report) 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

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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.

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