OLD National Bancorp IN Lowers Position in First Financial Co. (NASDAQ:THFF)

OLD National Bancorp IN trimmed its holdings in shares of First Financial Co. (NASDAQ:THFF) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,082 shares of the bank’s stock after selling 917 shares during the period. OLD National Bancorp IN owned about 0.18% of First Financial worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in THFF. Two Sigma Investments LP boosted its stake in shares of First Financial by 17.5% during the fourth quarter. Two Sigma Investments LP now owns 34,122 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 5,079 shares in the last quarter. American Century Companies Inc. lifted its holdings in First Financial by 9.2% during the fourth quarter. American Century Companies Inc. now owns 235,412 shares of the bank’s stock worth $10,874,000 after buying an additional 19,867 shares during the period. Proficio Capital Partners LLC purchased a new stake in First Financial during the fourth quarter worth $582,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in First Financial by 73.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,009 shares of the bank’s stock valued at $509,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in First Financial during the 4th quarter valued at $409,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen raised First Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Janney Montgomery Scott upgraded shares of First Financial from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, February 24th.

First Financial Trading Up 0.3%

First Financial stock opened at $51.88 on Tuesday. The stock has a 50-day moving average of $48.81 and a two-hundred day moving average of $48.85. The stock has a market cap of $614.83 million, a PE ratio of 12.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. First Financial Co. has a one year low of $34.61 and a one year high of $53.60.

First Financial (NASDAQ:THFF) last posted its quarterly earnings results 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. First Financial had a return on equity of 8.77% and a net margin of 15.37%. The business had revenue of $62.49 million for the quarter, compared to the consensus estimate of $62.04 million. On average, research analysts anticipate that First Financial Co. will post 5.41 EPS for the current fiscal year.

First Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Tuesday, April 1st. First Financial’s dividend payout ratio is presently 44.16%.

About First Financial

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.