First Financial Bankshares Inc (NASDAQ:FFIN) announced 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 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, September 13th.

First Financial Bankshares has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. First Financial Bankshares has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. 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%.

First Financial Bankshares stock traded up $0.48 during mid-day trading on Wednesday, hitting $32.80. 16,814 shares of the company traded hands, compared to its average volume of 304,416. First Financial Bankshares has a one year low of $26.73 and a one year high of $33.43. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 30.08 and a beta of 1.18. The stock has a fifty day moving average price of $31.22 and a 200-day moving average price of $45.69.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, July 18th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $101.26 million for the quarter, compared to analysts’ expectations of $99.90 million. First Financial Bankshares had a return on equity of 14.82% and a net margin of 38.62%. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, sell-side analysts forecast that First Financial Bankshares will post 1.2 EPS for the current fiscal year.

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