First Financial Bankshares, Inc. (FFIN) To Go Ex-Dividend on September 14th

First Financial Bankshares, Inc. (NASDAQ:FFIN) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, September 14th will be paid a dividend of 0.22 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 14th.

First Financial Bankshares has increased its dividend 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 payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Financial Bankshares to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 41.7%.

First Financial Bankshares Stock Performance

FFIN stock opened at $33.16 on Friday. First Financial Bankshares has a one year low of $28.11 and a one year high of $36.52. The firm’s 50 day moving average price is $34.37 and its 200-day moving average price is $32.67. The firm has a market cap of $4.75 billion, a PE ratio of 17.73 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.The business had revenue of $172.76 million during the quarter, compared to analysts’ expectations of $173.03 million. During the same period in the prior year, the business posted $0.47 EPS. Equities research analysts predict that First Financial Bankshares will post 2.05 EPS for the current fiscal year.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations through a network of locations across Texas.

The company offers consumer and commercial deposit accounts, business and personal loans, mortgage lending, treasury and cash-management services, and online and mobile banking.