Dimensional Fund Advisors LP Acquires 38,360 Shares of First Financial Co. (NASDAQ:THFF)

Dimensional Fund Advisors LP lifted its stake in First Financial Co. (NASDAQ:THFFFree Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,304 shares of the bank’s stock after purchasing an additional 38,360 shares during the quarter. Dimensional Fund Advisors LP owned about 5.98% of First Financial worth $30,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC raised its stake in First Financial by 10.3% during the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock valued at $118,000 after buying an additional 256 shares during the last quarter. Raymond James & Associates purchased a new position in shares of First Financial in the 4th quarter worth about $209,000. Allspring Global Investments Holdings LLC boosted its stake in First Financial by 271.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,696 shares of the bank’s stock worth $288,000 after purchasing an additional 4,895 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new stake in First Financial during the 3rd quarter valued at about $237,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Financial during the 3rd quarter valued at about $244,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Stock Up 0.1 %

First Financial stock opened at $37.04 on Friday. First Financial Co. has a 12 month low of $31.55 and a 12 month high of $44.91. The stock has a fifty day simple moving average of $37.19 and a two-hundred day simple moving average of $38.72. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.11. The firm has a market cap of $437.44 million, a price-to-earnings ratio of 7.90 and a beta of 0.52.

First Financial (NASDAQ:THFFGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.06). The business had revenue of $48.35 million during the quarter, compared to the consensus estimate of $49.75 million. First Financial had a return on equity of 11.04% and a net margin of 20.16%. Equities analysts predict that First Financial Co. will post 3.82 EPS for the current fiscal year.

First Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 4.86%. First Financial’s payout ratio is 38.38%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $43.00 target price (down previously from $45.00) on shares of First Financial in a research note on Wednesday, May 1st.

Read Our Latest Report on THFF

About First Financial

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Financial (NASDAQ:THFF)

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