First Financial Co. (NASDAQ:THFF) Declares Quarterly Dividend of $0.45

First Financial Co. (NASDAQ:THFFGet Free Report) announced a quarterly dividend on Monday, June 24th, Zacks reports. Investors of record on Monday, July 1st will be paid a dividend of 0.45 per share by the bank on Monday, July 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, July 1st.

First Financial has raised its dividend payment by an average of 13.7% per year over the last three years. First Financial has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Financial to earn $5.12 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 35.2%.

First Financial Stock Up 3.0 %

Shares of NASDAQ:THFF opened at $36.88 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $435.55 million, a PE ratio of 7.86 and a beta of 0.50. First Financial has a 52 week low of $31.74 and a 52 week high of $44.91. The firm has a 50 day simple moving average of $36.87 and a 200 day simple moving average of $38.30.

First Financial (NASDAQ:THFFGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.06). The firm had revenue of $48.35 million during the quarter, compared to analysts’ expectations of $49.75 million. First Financial had a net margin of 20.16% and a return on equity of 11.04%. As a group, research analysts expect that First Financial will post 4.49 earnings per share for the current year.

Analyst Ratings Changes

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

Get Our Latest Analysis on First Financial

About First Financial

(Get 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.

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Dividend History for First Financial (NASDAQ:THFF)

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