Semanteon Capital Management LP Buys Shares of 16,812 First Financial Bankshares, Inc. $FFIN

Semanteon Capital Management LP purchased a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the third quarter, Holdings Channel reports. The institutional investor purchased 16,812 shares of the bank’s stock, valued at approximately $566,000.

Several other hedge funds also recently made changes to their positions in the stock. HHM Wealth Advisors LLC purchased a new stake in First Financial Bankshares during the 3rd quarter worth about $25,000. Corsicana & Co. purchased a new position in First Financial Bankshares during the 3rd quarter valued at about $27,000. State of Wyoming bought a new stake in shares of First Financial Bankshares during the second quarter valued at about $54,000. Nisa Investment Advisors LLC lifted its holdings in shares of First Financial Bankshares by 33.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,648 shares of the bank’s stock worth $60,000 after buying an additional 412 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of First Financial Bankshares by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank’s stock valued at $60,000 after acquiring an additional 406 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FFIN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. Hovde Group upgraded shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Financial Bankshares has an average rating of “Hold” and an average price target of $38.00.

First Financial Bankshares Price Performance

Shares of FFIN opened at $33.33 on Friday. First Financial Bankshares, Inc. has a 1-year low of $29.43 and a 1-year high of $38.74. The company has a market capitalization of $4.77 billion, a P/E ratio of 18.83 and a beta of 0.86. The firm’s 50 day simple moving average is $32.14 and its 200 day simple moving average is $32.94.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The firm had revenue of $164.72 million for the quarter, compared to analysts’ expectations of $165.70 million. During the same quarter last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.3%. First Financial Bankshares’s payout ratio is 42.94%.

First Financial Bankshares Company Profile

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.