First Financial Co. (NASDAQ:THFF - Get Free Report) Director William Randolph Krieble bought 440 shares of the business's stock in a transaction on Thursday, April 24th. The shares were acquired at an average cost of $48.09 per share, for a total transaction of $21,159.60. Following the purchase, the director now directly owns 6,385 shares in the company, valued at $307,054.65. This represents a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
First Financial Stock Down 1.4 %
THFF stock opened at $47.31 on Friday. The firm has a market cap of $560.77 million, a PE ratio of 11.83 and a beta of 0.41. First Financial Co. has a 12 month low of $34.61 and a 12 month high of $53.60. The firm has a 50 day simple moving average of $48.01 and a 200 day simple moving average of $47.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79.
First Financial (NASDAQ:THFF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.55 EPS for the quarter, beating the consensus estimate of $1.29 by $0.26. The business had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. First Financial had a return on equity of 8.77% and a net margin of 15.37%. Equities research analysts forecast that First Financial Co. will post 5.41 earnings per share for the current fiscal year.
First Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.31%. First Financial's payout ratio is currently 51.00%.
Analyst Upgrades and Downgrades
Several research firms have commented on THFF. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $55.00 target price (up previously from $52.00) on shares of First Financial in a research note on Thursday, February 6th. Janney Montgomery Scott upgraded First Financial from a "neutral" rating to a "buy" rating and set a $58.00 price objective for the company in a report on Monday, February 24th.
Read Our Latest Report on First Financial
Institutional Trading of First Financial
Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in First Financial by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 230,332 shares of the bank's stock worth $10,100,000 after purchasing an additional 22,287 shares during the last quarter. Barclays PLC lifted its position in shares of First Financial by 62.1% in the third quarter. Barclays PLC now owns 37,457 shares of the bank's stock worth $1,643,000 after buying an additional 14,349 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of First Financial by 9.2% during the 4th quarter. American Century Companies Inc. now owns 235,412 shares of the bank's stock valued at $10,874,000 after acquiring an additional 19,867 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in First Financial by 73.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,009 shares of the bank's stock valued at $509,000 after purchasing an additional 4,650 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in First Financial in the 4th quarter valued at $582,000. Institutional investors and hedge funds own 72.74% of the company's stock.
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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