First Financial Bankshares, Inc. Announces Quarterly Dividend of $0.19 (NASDAQ:FFIN)

Key Points

• First Financial Bankshares announced a quarterly dividend of $0.19 per share payable April 1 to shareholders of record on March 13, reflecting a dividend yield of about 2.6%.
• The bank has raised its dividend every year for the last 15 years and maintains a payout ratio around 40.6%, which analysts say is covered by expected earnings (consensus ~$1.86 next year).
• For the quarter the firm reported $0.51 EPS (beating the $0.48 estimate) with revenue of $164.7M, and the stock traded down about 2.2% to $29.73 on the news.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, March 13th will be given a dividend of 0.19 per share by the bank on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th.

First Financial Bankshares has increased 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 dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bankshares to earn $1.86 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 40.9%.

First Financial Bankshares Stock Down 2.2%

Shares of FFIN traded down $0.66 on Wednesday, reaching $29.73. The stock had a trading volume of 182,242 shares, compared to its average volume of 834,609. First Financial Bankshares has a twelve month low of $28.89 and a twelve month high of $38.74. The firm has a market capitalization of $4.26 billion, a PE ratio of 16.80 and a beta of 0.83. The firm has a 50-day moving average of $32.18 and a 200 day moving average of $32.57.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm had revenue of $164.72 million during the quarter, compared to analysts' expectations of $165.70 million. During the same period in the previous year, the firm posted $0.43 earnings per share. First Financial Bankshares's revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

About First Financial Bankshares

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.