First Financial Co. (NASDAQ:THFF - Get Free Report) Director James O. Mcdonald acquired 1,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $48.99 per share, with a total value of $48,990.00. Following the purchase, the director now owns 9,462 shares in the company, valued at approximately $463,543.38. This represents a 11.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
First Financial Trading Down 0.8 %
Shares of THFF stock opened at $48.30 on Wednesday. The company has a market capitalization of $572.50 million, a P/E ratio of 12.08 and a beta of 0.49. First Financial Co. has a 12-month low of $34.58 and a 12-month high of $53.60. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $48.87 and a 200 day moving average price of $46.80.
First Financial (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, February 4th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. First Financial had a net margin of 15.37% and a return on equity of 8.77%. Research 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This is a positive change from First Financial's previous quarterly dividend of $0.45. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. First Financial's dividend payout ratio (DPR) is 51.00%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in First Financial by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 45,854 shares of the bank's stock valued at $1,990,000 after acquiring an additional 2,278 shares in the last quarter. Quest Partners LLC boosted its position in First Financial by 23.6% in the 3rd quarter. Quest Partners LLC now owns 8,704 shares of the bank's stock valued at $382,000 after buying an additional 1,661 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in First Financial by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,235 shares of the bank's stock valued at $1,984,000 after buying an additional 910 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Financial in the 3rd quarter valued at $279,000. Finally, Foundry Partners LLC raised its position in shares of First Financial by 1.0% during the third quarter. Foundry Partners LLC now owns 57,630 shares of the bank's stock worth $2,527,000 after acquiring an additional 555 shares during the last quarter. 72.74% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on THFF shares. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $55.00 target price (up previously from $52.00) on shares of First Financial in a research note on Thursday, February 6th. Raymond James raised First Financial from a "market perform" rating to an "outperform" rating and set a $54.00 target price for the company in a report on Thursday, December 19th. Finally, Janney Montgomery Scott raised First Financial from a "neutral" rating to a "buy" rating and set a $58.00 price target on the stock in a research note on Monday, February 24th.
Check Out Our Latest Stock Report on First Financial
About First Financial
(
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.
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