First Financial Bankshares, Inc. (FFIN) to Issue Quarterly Dividend of $0.22 on July 1st

First Financial Bankshares, Inc. (NASDAQ:FFIN) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.22 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 12th. This is a 15.8% increase from First Financial Bankshares’s previous quarterly dividend of $0.19.

First Financial Bankshares has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. First Financial Bankshares has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bankshares to earn $2.10 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 36.2%.

First Financial Bankshares Stock Down 2.6%

Shares of NASDAQ:FFIN opened at $31.84 on Thursday. The company has a market cap of $4.56 billion, a P/E ratio of 17.30 and a beta of 0.82. First Financial Bankshares has a 52 week low of $28.11 and a 52 week high of $38.74. The business has a fifty day simple moving average of $30.81 and a 200-day simple moving average of $31.41.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $166.89 million during the quarter, compared to the consensus estimate of $166.78 million. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.During the same quarter in the previous year, the business earned $0.43 earnings per share. Sell-side analysts expect that First Financial Bankshares will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.