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

First Financial Bankshares, Inc. (NASDAQ:FFINGet Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, June 12th will be given a dividend of 0.22 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 2.7%. 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 raised 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 payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Research 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 $0.88 annual dividend with an expected future payout ratio of 41.9%.

First Financial Bankshares Stock Performance

NASDAQ FFIN opened at $33.12 on Wednesday. First Financial Bankshares has a one year low of $28.11 and a one year high of $38.74. The firm has a 50 day simple moving average of $31.75 and a 200-day simple moving average of $31.56. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 18.00 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last issued its earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $166.89 million during the quarter, compared to the consensus estimate of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities analysts predict that First Financial Bankshares will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FFIN. Keefe, Bruyette & Woods cut their price objective on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $37.33.

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First Financial Bankshares Company Profile

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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.

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Dividend History for First Financial Bankshares (NASDAQ:FFIN)

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