Thrivent Financial for Lutherans Decreases Stock Position in First Financial Co. (NASDAQ:THFF)

Thrivent Financial for Lutherans decreased its position in First Financial Co. (NASDAQ:THFF) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,054 shares of the bank’s stock after selling 1,208 shares during the quarter. Thrivent Financial for Lutherans owned 0.24% of First Financial worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in THFF. Rhumbline Advisers grew its holdings in First Financial by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 18,726 shares of the bank’s stock valued at $691,000 after purchasing an additional 323 shares in the last quarter. Quest Partners LLC grew its stake in shares of First Financial by 6.0% during the second quarter. Quest Partners LLC now owns 7,043 shares of the bank’s stock valued at $260,000 after acquiring an additional 400 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of First Financial by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the bank’s stock worth $280,000 after acquiring an additional 617 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of First Financial by 4.2% in the second quarter. Wedge Capital Management L L P NC now owns 16,854 shares of the bank’s stock worth $622,000 after acquiring an additional 680 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in First Financial by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,857 shares of the bank’s stock valued at $762,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Trading Up 1.2 %

NASDAQ THFF opened at $41.68 on Friday. The company’s fifty day moving average price is $43.02 and its two-hundred day moving average price is $39.57. The company has a market capitalization of $492.24 million, a price-to-earnings ratio of 8.89 and a beta of 0.47. First Financial Co. has a 12 month low of $31.74 and a 12 month high of $47.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.79.

First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. First Financial had a return on equity of 9.95% and a net margin of 18.22%. The business had revenue of $70.68 million during the quarter, compared to the consensus estimate of $51.95 million. As a group, research analysts predict that First Financial Co. will post 4.39 earnings per share for the current fiscal year.

First Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Tuesday, October 1st. First Financial’s dividend payout ratio is currently 38.38%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their target price on First Financial from $43.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

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.