First Financial Stock To Go Ex-dividend Tomorrow (FFIN)

NEW YORK ( TheStreet) -- The ex-dividend date for First Financial Bankshares (Nasdaq: FFIN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $34.08 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for First Financial has been 110,900 shares per day over the past 30 days. First Financial has a market cap of $1.1 billion and is part of the financial sector and banking industry. Shares are up 2.2% year to date as of the close of trading on Friday.

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services primarily in Texas. The company has a P/E ratio of 15.5, below the average banking industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full First Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.

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