Occudo Quantitative Strategies LP Invests $261,000 in First Financial Co. (NASDAQ:THFF)

Occudo Quantitative Strategies LP acquired a new position in shares of First Financial Co. (NASDAQ:THFF - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,642 shares of the bank's stock, valued at approximately $261,000.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC raised its stake in First Financial by 17.5% during the fourth quarter. SG Americas Securities LLC now owns 14,580 shares of the bank's stock worth $673,000 after purchasing an additional 2,171 shares during the period. R Squared Ltd acquired a new stake in shares of First Financial during the 4th quarter worth $73,000. Empowered Funds LLC increased its holdings in shares of First Financial by 5.0% during the 4th quarter. Empowered Funds LLC now owns 48,142 shares of the bank's stock worth $2,224,000 after buying an additional 2,288 shares during the last quarter. Legato Capital Management LLC raised its position in shares of First Financial by 3.5% in the 4th quarter. Legato Capital Management LLC now owns 26,447 shares of the bank's stock worth $1,222,000 after buying an additional 904 shares during the period. Finally, Ieq Capital LLC purchased a new stake in First Financial during the fourth quarter valued at about $205,000. 72.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other First Financial news, Director James O. Mcdonald bought 1,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $48.99 per share, for a total transaction of $48,990.00. Following the completion of the purchase, the director now directly owns 9,462 shares of the company's stock, valued at approximately $463,543.38. The trade was a 11.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought 1,708 shares of company stock worth $83,350 in the last quarter. 5.01% of the stock is owned by corporate insiders.

First Financial Stock Down 0.2%

NASDAQ:THFF traded down $0.12 during mid-day trading on Thursday, hitting $51.43. The company had a trading volume of 8,338 shares, compared to its average volume of 54,786. First Financial Co. has a 1 year low of $34.61 and a 1 year high of $53.60. The business has a fifty day simple moving average of $48.39 and a 200-day simple moving average of $48.59. 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 firm has a market capitalization of $609.50 million, a price-to-earnings ratio of 12.86 and a beta of 0.41.

First Financial (NASDAQ:THFF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.26. First Financial had a net margin of 15.37% and a return on equity of 8.77%. The company had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. Equities 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Tuesday, April 1st. First Financial's dividend payout ratio (DPR) is 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.