First Financial Bankshares, Inc. (NASDAQ:FFIN) declared a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.19 per share by the bank on Tuesday, January 2nd. This represents a $0.76 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, December 15th.
First Financial Bankshares (NASDAQ:FFIN) opened at $45.50 on Thursday. The company has a market capitalization of $3,036.47, a PE ratio of 27.45 and a beta of 1.40. First Financial Bankshares has a 52 week low of $36.85 and a 52 week high of $48.85.
First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, October 19th. The bank reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $83.95 million during the quarter, compared to the consensus estimate of $89.87 million. First Financial Bankshares had a return on equity of 12.70% and a net margin of 33.51%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. equities research analysts anticipate that First Financial Bankshares will post 1.7 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price objective on shares of First Financial Bankshares in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $41.00 price objective on shares of First Financial Bankshares in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $43.40.
In related news, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total value of $62,271.36. Following the sale, the director now directly owns 33,379 shares in the company, valued at $1,519,412.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.04% of the company’s stock.
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About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
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