First Financial Co. (NASDAQ:THFF) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in First Financial Co. (NASDAQ:THFF) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,710 shares of the bank’s stock after selling 7,246 shares during the period. Vanguard Group Inc. owned 0.06% of First Financial worth $25,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of First Financial by 14.8% during the third quarter. American Century Companies Inc. now owns 108,023 shares of the bank’s stock worth $3,652,000 after buying an additional 13,963 shares during the period. Deutsche Bank AG boosted its stake in shares of First Financial by 4.6% during the third quarter. Deutsche Bank AG now owns 16,293 shares of the bank’s stock worth $551,000 after buying an additional 717 shares during the period. Creative Planning boosted its stake in shares of First Financial by 49.0% during the third quarter. Creative Planning now owns 11,380 shares of the bank’s stock worth $385,000 after buying an additional 3,742 shares during the period. Royal Bank of Canada boosted its stake in shares of First Financial by 6.6% during the third quarter. Royal Bank of Canada now owns 11,173 shares of the bank’s stock worth $378,000 after buying an additional 692 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of First Financial by 10.5% during the third quarter. Sei Investments Co. now owns 14,776 shares of the bank’s stock worth $500,000 after buying an additional 1,402 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Price Performance

Shares of THFF opened at $35.77 on Friday. First Financial Co. has a fifty-two week low of $31.00 and a fifty-two week high of $44.91. The company has a market capitalization of $422.44 million, a price-to-earnings ratio of 7.03 and a beta of 0.51. The firm has a 50-day simple moving average of $37.29 and a 200-day simple moving average of $37.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 0.78.

First Financial (NASDAQ:THFF) last announced its earnings results on Tuesday, January 30th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.07). First Financial had a return on equity of 12.13% and a net margin of 22.38%. The business had revenue of $50.84 million for the quarter, compared to analyst estimates of $51.10 million. On average, equities research analysts anticipate that First Financial Co. will post 4.1 earnings per share for the current year.

First Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 5.03%. First Financial’s dividend payout ratio is currently 35.36%.

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.