Prudential Financial Inc. reduced its position in First Financial Corp (NASDAQ:THFF) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,073 shares of the bank’s stock after selling 4,259 shares during the quarter. Prudential Financial Inc. owned about 1.15% of First Financial worth $7,081,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in THFF. FineMark National Bank & Trust purchased a new position in shares of First Financial in the 3rd quarter worth about $201,000. Assenagon Asset Management S.A. purchased a new stake in First Financial during the third quarter valued at about $1,747,000. First Trust Advisors LP lifted its holdings in First Financial by 80.8% during the third quarter. First Trust Advisors LP now owns 54,410 shares of the bank’s stock valued at $2,731,000 after purchasing an additional 24,310 shares during the last quarter. Northern Trust Corp lifted its holdings in First Financial by 3.3% during the second quarter. Northern Trust Corp now owns 412,297 shares of the bank’s stock valued at $18,698,000 after purchasing an additional 13,001 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in First Financial by 52.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,081 shares of the bank’s stock valued at $230,000 after purchasing an additional 1,755 shares during the last quarter. 55.60% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on THFF. BidaskClub raised shares of First Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of First Financial from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research raised shares of First Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, October 30th.
NASDAQ THFF opened at $44.38 on Friday. The stock has a market cap of $541.55 million, a price-to-earnings ratio of 15.30 and a beta of 0.92. First Financial Corp has a 52 week low of $40.75 and a 52 week high of $53.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08.
First Financial (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.03. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $37.60 million. First Financial had a net margin of 23.65% and a return on equity of 10.60%. On average, analysts anticipate that First Financial Corp will post 3.8 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 8th will be issued a dividend of $0.51 per share. This represents a yield of 2.21%. The ex-dividend date of this dividend is Monday, January 7th. First Financial’s dividend payout ratio (DPR) is presently 35.17%.
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First Financial Profile
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.
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