Thrivent Financial for Lutherans Reduces Stake in First Financial Co. (NASDAQ:THFF)

Thrivent Financial for Lutherans cut its stake in First Financial Co. (NASDAQ:THFF) by 7.5% in the third quarter, Holdings Channel reports. The fund owned 25,942 shares of the bank’s stock after selling 2,112 shares during the period. Thrivent Financial for Lutherans’ holdings in First Financial were worth $1,138,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Country Trust Bank acquired a new stake in First Financial during the second quarter worth about $111,000. Comerica Bank grew its stake in shares of First Financial by 6,849.2% in the 1st quarter. Comerica Bank now owns 4,517 shares of the bank’s stock valued at $173,000 after buying an additional 4,452 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of First Financial during the 1st quarter worth approximately $175,000. CWM LLC raised its position in shares of First Financial by 102.3% during the 2nd quarter. CWM LLC now owns 5,098 shares of the bank’s stock valued at $188,000 after buying an additional 2,578 shares during the period. Finally, Quest Partners LLC lifted its holdings 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 acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Price Performance

THFF stock opened at $48.84 on Monday. The business has a fifty day moving average of $45.24 and a two-hundred day moving average of $42.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $576.80 million, a price-to-earnings ratio of 13.24 and a beta of 0.47. First Financial Co. has a 52-week low of $34.58 and a 52-week high of $51.87.

First Financial (NASDAQ:THFF) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.17). The company had revenue of $82.92 million during the quarter, compared to analyst estimates of $57.95 million. First Financial had a net margin of 14.86% and a return on equity of 8.10%. As a group, research analysts anticipate that First Financial Co. will post 3.92 earnings per share for the current year.

First Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, October 1st. First Financial’s dividend payout ratio (DPR) is currently 48.78%.

First Financial Company 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.