First Financial Bankshares, Inc. (FFIN) to Issue Quarterly Dividend of $0.19 on April 1st

First Financial Bankshares, Inc. (NASDAQ:FFIN) 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 2.5%. The ex-dividend date of this dividend is Friday, March 13th.

First Financial Bankshares has raised 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. 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 1.6%

Shares of FFIN traded down $0.50 on Wednesday, reaching $29.89. The stock had a trading volume of 273,605 shares, compared to its average volume of 836,573. 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 $4.28 billion, a PE ratio of 16.90 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) 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. The firm had revenue of $164.72 million during the quarter, compared to analysts’ expectations of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.First Financial Bankshares’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, sell-side analysts anticipate that First Financial Bankshares will post 1.78 earnings per share for the current fiscal year.

Insider Activity at First Financial Bankshares

In related news, Director Johnny Trotter purchased 4,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $30.02 per share, with a total value of $120,080.00. Following the completion of the acquisition, the director directly owned 955,444 shares in the company, valued at $28,682,428.88. The trade was a 0.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of First Financial Bankshares stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $29.52 per share, for a total transaction of $53,136.00. Following the completion of the transaction, the director directly owned 10,371 shares of the company’s stock, valued at approximately $306,151.92. This represents a 21.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 17,129 shares of company stock valued at $549,210. 3.96% of the stock is owned by corporate insiders.

Institutional Trading of First Financial Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Financial Bankshares by 3,042,660.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after acquiring an additional 21,511,608 shares during the last quarter. State Street Corp grew its holdings in First Financial Bankshares by 1.5% in the fourth quarter. State Street Corp now owns 6,140,759 shares of the bank’s stock valued at $184,551,000 after purchasing an additional 87,988 shares during the period. Geode Capital Management LLC increased its position in First Financial Bankshares by 1.8% during the second quarter. Geode Capital Management LLC now owns 3,452,051 shares of the bank’s stock worth $124,218,000 after purchasing an additional 61,599 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in First Financial Bankshares by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,715,913 shares of the bank’s stock worth $81,129,000 after purchasing an additional 165,801 shares during the period. Finally, Norges Bank purchased a new position in First Financial Bankshares during the fourth quarter worth approximately $51,227,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.