First Financial Co. (NASDAQ:THFF - Get Free Report) insider Mark Allen Franklin acquired 1,100 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $52.53 per share, with a total value of $57,783.00. Following the completion of the acquisition, the insider now directly owns 9,845 shares in the company, valued at $517,157.85. The trade was a 12.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
First Financial Stock Down 0.3 %
THFF opened at $51.97 on Friday. First Financial Co. has a fifty-two week low of $34.58 and a fifty-two week high of $53.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The firm's fifty day moving average is $47.87 and its 200 day moving average is $45.67. The stock has a market cap of $613.77 million, a price-to-earnings ratio of 12.99 and a beta of 0.51.
First Financial (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. First Financial had a net margin of 15.37% and a return on equity of 8.77%. On average, sell-side analysts forecast that First Financial Co. will post 5.41 earnings per share for the current fiscal year.
First Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Friday, January 3rd. This is a boost from First Financial's previous quarterly dividend of $0.45. First Financial's dividend payout ratio is presently 51.00%.
Wall Street Analyst Weigh In
THFF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $55.00 price objective (up from $52.00) on shares of First Financial in a research note on Thursday, February 6th. Raymond James upgraded shares of First Financial from a "market perform" rating to an "outperform" rating and set a $54.00 price objective on the stock in a report on Thursday, December 19th.
Get Our Latest Analysis on THFF
Institutional Investors Weigh In On First Financial
Several hedge funds have recently modified their holdings of THFF. Versant Capital Management Inc acquired a new position in First Financial during the 4th quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new position in First Financial during the 4th quarter valued at approximately $39,000. R Squared Ltd acquired a new position in First Financial during the 4th quarter valued at approximately $73,000. FMR LLC increased its stake in First Financial by 420.3% during the 3rd quarter. FMR LLC now owns 3,918 shares of the bank's stock valued at $172,000 after purchasing an additional 3,165 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of First Financial in the fourth quarter worth $205,000. Hedge funds and other institutional investors own 72.74% of the company's stock.
First Financial Company Profile
(
Get Free Report)
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.
Further Reading
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