Nuveen Asset Management LLC Sells 14,107 Shares of First Financial Co. (NASDAQ:THFF)

Nuveen Asset Management LLC cut its position in First Financial Co. (NASDAQ:THFF - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,814 shares of the bank's stock after selling 14,107 shares during the quarter. Nuveen Asset Management LLC owned 1.56% of First Financial worth $8,537,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of First Financial in the fourth quarter valued at about $39,000. R Squared Ltd acquired a new stake in First Financial in the fourth quarter valued at approximately $73,000. Ieq Capital LLC bought a new position in shares of First Financial in the fourth quarter valued at approximately $205,000. XTX Topco Ltd bought a new position in shares of First Financial in the fourth quarter valued at approximately $213,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of First Financial by 27.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank's stock valued at $258,000 after purchasing an additional 1,209 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Price Performance

Shares of THFF traded down $0.74 during midday trading on Monday, reaching $51.10. The stock had a trading volume of 61,107 shares, compared to its average volume of 55,212. First Financial Co. has a 12-month low of $34.61 and a 12-month high of $53.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The company's 50-day moving average is $48.60 and its 200 day moving average is $48.76. The company has a market capitalization of $605.59 million, a price-to-earnings ratio of 12.78 and a beta of 0.41.

First Financial (NASDAQ:THFF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.26. First Financial had a return on equity of 8.77% and a net margin of 15.37%. The firm had revenue of $62.49 million during the quarter, compared to analyst estimates of $62.04 million. On average, equities analysts predict that First Financial Co. will post 5.41 EPS for the current fiscal year.

First Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.99%. First Financial's payout ratio is currently 44.16%.

Insider Buying and Selling

In other First Financial news, Director James O. Mcdonald bought 1,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $48.99 per share, for a total transaction of $48,990.00. Following the purchase, the director now owns 9,462 shares in the company, valued at approximately $463,543.38. This trade represents a 11.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 1,708 shares of company stock worth $83,350 in the last 90 days. Insiders own 3.69% of the company's stock.

Analysts Set New Price Targets

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

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.