Kessler Investment Group LLC lowered its stake in shares of First Financial Corp (NASDAQ:THFF) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,304 shares of the bank’s stock after selling 600 shares during the period. Kessler Investment Group LLC’s holdings in First Financial were worth $93,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Walthausen & Co. LLC acquired a new stake in First Financial in the 3rd quarter worth about $7,769,000. BlackRock Inc. boosted its stake in First Financial by 12.7% in the 2nd quarter. BlackRock Inc. now owns 885,358 shares of the bank’s stock worth $40,152,000 after buying an additional 99,738 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in First Financial in the 3rd quarter worth about $1,747,000. Renaissance Technologies LLC boosted its stake in First Financial by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 213,600 shares of the bank’s stock worth $9,687,000 after buying an additional 32,300 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in First Financial by 38.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 108,895 shares of the bank’s stock worth $5,467,000 after buying an additional 30,000 shares during the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on THFF. Zacks Investment Research raised First Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, October 30th. BidaskClub downgraded First Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, October 19th. Finally, ValuEngine downgraded First Financial from a “hold” rating to a “sell” rating in a report on Monday, October 22nd.
First Financial (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $37.74 million for the quarter, compared to the consensus estimate of $37.60 million. First Financial had a return on equity of 10.60% and a net margin of 23.65%. Research analysts anticipate that First Financial Corp will post 3.8 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, January 8th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, January 7th. This represents a dividend yield of 2.21%. First Financial’s dividend payout ratio (DPR) is 35.17%.
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About First Financial
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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