First Financial Bankshares, Inc. (NASDAQ:FFIN) Declares Quarterly Dividend of $0.18

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.18 per share by the bank on Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, March 14th.

First Financial Bankshares has raised its dividend payment by an average of 7.5% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. First Financial Bankshares has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bankshares to earn $1.88 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 38.3%.

First Financial Bankshares Trading Up 0.4 %

Shares of First Financial Bankshares stock traded up $0.14 during trading on Thursday, reaching $38.49. The company's stock had a trading volume of 306,926 shares, compared to its average volume of 506,243. First Financial Bankshares has a one year low of $27.62 and a one year high of $44.66. The stock has a market capitalization of $5.50 billion, a P/E ratio of 24.67 and a beta of 0.83. The stock has a 50-day moving average price of $37.87 and a two-hundred day moving average price of $37.57.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, sell-side analysts anticipate that First Financial Bankshares will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the sale, the chief executive officer now owns 471,004 shares of the company's stock, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stephens upped their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Hovde Group raised 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 raised their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a "market perform" rating in a research note on Monday, January 27th.

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.