Semanteon Capital Management LP Purchases Shares of 26,979 First Financial Bankshares, Inc. (NASDAQ:FFIN)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of FFIN. AE Wealth Management LLC acquired a new stake in First Financial Bankshares in the third quarter valued at $254,000. SG Americas Securities LLC raised its stake in First Financial Bankshares by 390.3% in the third quarter. SG Americas Securities LLC now owns 52,684 shares of the bank’s stock valued at $1,323,000 after buying an additional 41,938 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of First Financial Bankshares by 2.1% during the third quarter. DAVENPORT & Co LLC now owns 30,443 shares of the bank’s stock worth $765,000 after purchasing an additional 627 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of First Financial Bankshares by 5.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,387 shares of the bank’s stock worth $1,215,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of First Financial Bankshares during the third quarter worth about $1,060,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FFIN has been the topic of a number of research analyst reports. Truist Financial cut their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday. Stephens cut their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report 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 research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.33.

First Financial Bankshares Stock Down 0.2 %

FFIN stock traded down $0.05 during trading on Friday, hitting $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 PE ratio of 21.69 and a beta of 0.82. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $33.15. The firm has a 50-day moving average price of $31.04 and a 200-day moving average price of $29.02.

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

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.