Wealth Enhancement Advisory Services LLC Invests $236,000 in First Financial Co. (NASDAQ:THFF)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Financial Co. (NASDAQ:THFF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,106 shares of the bank’s stock, valued at approximately $236,000.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of First Financial during the fourth quarter worth about $39,000. Ieq Capital LLC bought a new position in shares of First Financial during the fourth quarter worth about $205,000. XTX Topco Ltd bought a new position in shares of First Financial during the fourth quarter worth about $213,000. Cubist Systematic Strategies LLC raised its position in shares of First Financial by 27.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank’s stock worth $258,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of First Financial during the fourth quarter worth about $261,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Trading Down 1.0%

Shares of THFF stock opened at $50.71 on Tuesday. The company has a market cap of $600.96 million, a P/E ratio of 12.68 and a beta of 0.42. The stock has a 50 day simple moving average of $49.62 and a two-hundred day simple moving average of $48.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. First Financial Co. has a fifty-two week low of $34.61 and a fifty-two week high of $53.60.

First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.26. The business had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. First Financial had a return on equity of 8.77% and a net margin of 15.37%. Research analysts forecast that First Financial Co. will post 5.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Janney Montgomery Scott upgraded First Financial from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, February 24th. Wall Street Zen upgraded First Financial from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th.

About First Financial

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.