Prudential Financial Inc. reduced its position in First Financial Corp (NASDAQ:THFF) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,999 shares of the bank’s stock after selling 3,060 shares during the quarter. Prudential Financial Inc. owned about 1.15% of First Financial worth $6,711,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in First Financial by 15.6% in the first quarter. Teachers Advisors LLC now owns 27,658 shares of the bank’s stock worth $1,314,000 after acquiring an additional 3,736 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of First Financial by 3.3% during the first quarter. TIAA CREF Investment Management LLC now owns 39,933 shares of the bank’s stock valued at $1,897,000 after acquiring an additional 1,277 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of First Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 498,399 shares of the bank’s stock valued at $23,674,000 after acquiring an additional 3,838 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of First Financial by 5.4% during the first quarter. Geode Capital Management LLC now owns 98,800 shares of the bank’s stock valued at $4,692,000 after acquiring an additional 5,084 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of First Financial by 8.3% during the first quarter. Morgan Stanley now owns 99,952 shares of the bank’s stock valued at $4,749,000 after acquiring an additional 7,636 shares during the last quarter. Institutional investors and hedge funds own 53.74% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research lowered First Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. ValuEngine upgraded First Financial from a “hold” rating to a “buy” rating in a report on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $49.00 price objective on shares of First Financial in a report on Tuesday, October 24th.
Shares of First Financial Corp (NASDAQ THFF) opened at $48.55 on Tuesday. First Financial Corp has a twelve month low of $39.55 and a twelve month high of $53.49. The stock has a market capitalization of $592.85, a P/E ratio of 17.02 and a beta of 0.85.
First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $35.65 million for the quarter, compared to the consensus estimate of $35.71 million. First Financial had a return on equity of 8.11% and a net margin of 23.48%. analysts forecast that First Financial Corp will post 2.87 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 8th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 5th. This represents a yield of 2.14%. This is a positive change from First Financial’s previous semiannual dividend of $0.50. First Financial’s payout ratio is currently 35.09%.
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About First Financial
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.
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