First Financial Bankshares Inc. Announces Quarterly Dividend of $0.26 (FFIN)
First Financial Bankshares (NASDAQ:FFIN) announced a quarterly dividend on Tuesday, October 29th, American Banking News reports. Investors of record on Monday, December 16th will be paid a dividend of $0.26 per share on Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 12th.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 2nd. On the ratings front, analysts at SunTrust raised their price target on shares of First Financial Bankshares from $40.00 to $41.50 in a research note to investors on Thursday, August 22nd. Finally, analysts at Zacks downgraded shares of First Financial Bankshares from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $66.90 price target on the stock. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. First Financial Bankshares currently has an average rating of “Hold” and an average price target of $54.60.
First Financial Bankshares (NASDAQ:FFIN) traded down 0.26% on Tuesday, hitting $62.29. The stock had a trading volume of 56,764 shares. First Financial Bankshares has a one year low of $34.66 and a one year high of $63.99. The stock has a 50-day moving average of $59.35 and a 200-day moving average of $54.20. The company has a market cap of $1.991 billion and a P/E ratio of 26.13.
First Financial Bankshares (NASDAQ:FFIN) last released its earnings data on Thursday, October 17th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.04. During the same quarter in the prior year, the company posted $0.62 earnings per share. Analysts expect that First Financial Bankshares will post $2.53 EPS for the current fiscal year.
First Financial Bankshares, Inc is a financial holding company. Through the Company’s subsidiary banks, it conducts a full-service commercial banking business.
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