First Financial Bankshares, Inc. (FFIN) To Go Ex-Dividend on December 13th

First Financial Bankshares, Inc. (NASDAQ:FFIN) announced a quarterly dividend on Tuesday, October 22nd,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.18 per share by the bank on Thursday, January 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, December 13th.

First Financial Bankshares has increased its dividend payment by an average of 11.7% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. First Financial Bankshares has a payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Financial Bankshares to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 44.2%.

First Financial Bankshares Trading Up 2.1 %

NASDAQ:FFIN traded up $0.84 during midday trading on Wednesday, hitting $41.60. 25,631 shares of the stock were exchanged, compared to its average volume of 532,289. First Financial Bankshares has a one year low of $27.06 and a one year high of $44.66. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.11 and a beta of 0.81. The business has a 50-day moving average price of $39.08 and a two-hundred day moving average price of $35.39.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. The firm had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. Sell-side analysts forecast that First Financial Bankshares will post 1.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Stephens raised their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Hovde Group boosted their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their price objective on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the transaction, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.22% of the stock is currently owned by insiders.

About First Financial Bankshares

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.