16,812 Shares in First Financial Bankshares, Inc. $FFIN Bought by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,812 shares of the bank’s stock, valued at approximately $566,000.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Alliance LLC grew its stake in shares of First Financial Bankshares by 16.2% in the 3rd quarter. Wealth Alliance LLC now owns 7,057 shares of the bank’s stock worth $237,000 after acquiring an additional 986 shares in the last quarter. King Luther Capital Management Corp increased its stake in First Financial Bankshares by 25.0% in the 3rd quarter. King Luther Capital Management Corp now owns 15,000 shares of the bank’s stock valued at $505,000 after buying an additional 3,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Financial Bankshares by 40.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 472,557 shares of the bank’s stock valued at $15,902,000 after buying an additional 135,804 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of First Financial Bankshares by 7.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,465 shares of the bank’s stock worth $2,001,000 after buying an additional 4,231 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of First Financial Bankshares by 5,474.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 16,724 shares of the bank’s stock worth $563,000 after buying an additional 16,424 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FFIN shares. Hovde Group raised 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. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

First Financial Bankshares Trading Up 0.7%

Shares of NASDAQ FFIN opened at $33.33 on Friday. The stock has a fifty day simple moving average of $32.14 and a two-hundred day simple moving average of $32.94. First Financial Bankshares, Inc. has a 1-year low of $29.43 and a 1-year high of $38.74. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 18.83 and a beta of 0.86.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm had revenue of $164.72 million for the quarter, compared to analysts’ expectations of $165.70 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 42.94%.

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.