Allspring Global Investments Holdings LLC Increases Stock Holdings in First Financial Co. (NASDAQ:THFF)

Allspring Global Investments Holdings LLC lifted its stake in shares of First Financial Co. (NASDAQ:THFF) by 271.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,696 shares of the bank’s stock after buying an additional 4,895 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of First Financial worth $288,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of First Financial by 3.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,111 shares of the bank’s stock valued at $392,000 after buying an additional 264 shares during the last quarter. Raymond James & Associates purchased a new position in First Financial in the fourth quarter worth $209,000. First Financial Corp IN boosted its position in First Financial by 5.1% in the fourth quarter. First Financial Corp IN now owns 735,719 shares of the bank’s stock worth $31,651,000 after purchasing an additional 35,940 shares during the last quarter. SG Americas Securities LLC boosted its position in First Financial by 189.3% in the fourth quarter. SG Americas Securities LLC now owns 12,895 shares of the bank’s stock worth $555,000 after purchasing an additional 8,438 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in First Financial by 12.4% in the third quarter. AQR Capital Management LLC now owns 204,670 shares of the bank’s stock worth $6,920,000 after purchasing an additional 22,582 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Stock Down 0.2 %

THFF stock opened at $36.86 on Friday. The stock’s fifty day simple moving average is $37.01 and its two-hundred day simple moving average is $38.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.21. First Financial Co. has a 1-year low of $31.00 and a 1-year high of $44.91. The stock has a market cap of $435.32 million, a P/E ratio of 7.24 and a beta of 0.51.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $51.10 million. Analysts expect that First Financial Co. will post 4.1 EPS for the current year.

First Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.45 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 4.88%. First Financial’s payout ratio is presently 35.36%.

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.