First Financial Co. (NASDAQ:THFF) Stock Position Boosted by Cwm LLC

Cwm LLC lifted its stake in First Financial Co. (NASDAQ:THFF) by 29.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,599 shares of the bank’s stock after acquiring an additional 1,501 shares during the period. Cwm LLC’s holdings in First Financial were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Country Trust Bank acquired a new stake in First Financial during the second quarter valued at approximately $111,000. Comerica Bank grew its position in First Financial by 6,849.2% during the 1st quarter. Comerica Bank now owns 4,517 shares of the bank’s stock worth $173,000 after purchasing an additional 4,452 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of First Financial in the 1st quarter valued at about $175,000. Quadrature Capital Ltd purchased a new position in First Financial during the fourth quarter valued at approximately $233,000. Finally, Quest Partners LLC grew its stake in First Financial by 6.0% in the second quarter. Quest Partners LLC now owns 7,043 shares of the bank’s stock valued at $260,000 after purchasing an additional 400 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Stock Performance

Shares of NASDAQ THFF opened at $42.53 on Tuesday. The firm has a market cap of $502.28 million, a price-to-earnings ratio of 9.84 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day simple moving average is $43.23 and its 200-day simple moving average is $40.02. First Financial Co. has a 52 week low of $31.82 and a 52 week high of $47.00.

First Financial (NASDAQ:THFF) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. First Financial had a net margin of 18.22% and a return on equity of 9.95%. The business had revenue of $70.68 million for the quarter, compared to analyst estimates of $51.95 million. As a group, equities research analysts expect that First Financial Co. will post 3.85 earnings per share for the current fiscal year.

First Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 4.23%. First Financial’s payout ratio is 41.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price target on First Financial from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, July 25th.

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.