First Financial Co. (NASDAQ:THFF) is First Financial Corp IN's Largest Position

First Financial Corp IN cut its stake in shares of First Financial Co. (NASDAQ:THFF - Free Report) by 22.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 593,341 shares of the bank's stock after selling 168,313 shares during the quarter. First Financial makes up approximately 14.0% of First Financial Corp IN's portfolio, making the stock its biggest position. First Financial Corp IN owned 5.01% of First Financial worth $29,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in THFF. Kennedy Capital Management LLC acquired a new position in shares of First Financial during the fourth quarter worth about $3,855,000. Millennium Management LLC boosted its holdings in First Financial by 231.4% in the fourth quarter. Millennium Management LLC now owns 86,972 shares of the bank's stock valued at $4,017,000 after purchasing an additional 60,732 shares in the last quarter. American Century Companies Inc. boosted its holdings in First Financial by 9.2% in the fourth quarter. American Century Companies Inc. now owns 235,412 shares of the bank's stock valued at $10,874,000 after purchasing an additional 19,867 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in First Financial by 88.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 37,787 shares of the bank's stock valued at $1,745,000 after purchasing an additional 17,782 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in First Financial in the fourth quarter valued at approximately $707,000. 72.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on THFF shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $55.00 price target (up from $52.00) on shares of First Financial in a report on Thursday, February 6th. Janney Montgomery Scott raised First Financial from a "neutral" rating to a "buy" rating and set a $58.00 price target for the company in a report on Monday, February 24th. Finally, Wall Street Zen raised First Financial from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th.

Insider Activity

In other news, Director James O. Mcdonald acquired 1,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $48.99 per share, with a total value of $48,990.00. Following the completion of the acquisition, the director now owns 9,462 shares of the company's stock, valued at $463,543.38. The trade was a 11.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 1,675 shares of company stock valued at $81,719. 3.69% of the stock is currently owned by company insiders.

First Financial Stock Performance

Shares of THFF stock traded up $1.16 during trading hours on Friday, hitting $51.71. The stock had a trading volume of 32,538 shares, compared to its average volume of 55,105. The firm has a market capitalization of $612.82 million, a PE ratio of 12.93 and a beta of 0.42. First Financial Co. has a twelve month low of $34.61 and a twelve month high of $53.60. The stock's 50 day moving average is $48.75 and its 200 day moving average is $48.83. 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 posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share 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%. As a group, research analysts forecast that First Financial Co. will post 5.41 earnings per share for the current fiscal year.

First Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Tuesday, April 1st. First Financial's payout ratio is currently 44.16%.

First Financial Profile

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.