Semanteon Capital Management LP Buys New Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Semanteon Capital Management LP bought a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,979 shares of the bank’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its stake in First Financial Bankshares by 9.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 95,589 shares of the bank’s stock worth $2,896,000 after acquiring an additional 8,416 shares during the last quarter. CWM LLC increased its stake in First Financial Bankshares by 146.3% in the 4th quarter. CWM LLC now owns 26,839 shares of the bank’s stock worth $813,000 after acquiring an additional 15,943 shares during the last quarter. Signaturefd LLC increased its stake in First Financial Bankshares by 101.3% in the 4th quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock worth $163,000 after acquiring an additional 2,710 shares during the last quarter. Lindbrook Capital LLC increased its stake in First Financial Bankshares by 134.8% in the 4th quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after acquiring an additional 523 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in First Financial Bankshares by 19.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,988 shares of the bank’s stock worth $1,000,000 after acquiring an additional 5,275 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock traded down $0.05 on Friday, reaching $30.36. The company had a trading volume of 383,718 shares, compared to its average volume of 507,915. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 21.69 and a beta of 0.82. The firm’s 50-day moving average price is $31.04 and its two-hundred day moving average price is $29.02. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The company had revenue of $129.63 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the previous year, the business earned $0.39 EPS. First Financial Bankshares’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FFIN shares. Truist Financial reduced their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday. Stephens reduced their price objective on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their target price on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.33.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.