First Financial Co. (NASDAQ:THFF) Stock Position Lifted by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of First Financial Co. (NASDAQ:THFF) by 81.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,144 shares of the bank’s stock after purchasing an additional 32,783 shares during the quarter. Millennium Management LLC owned about 0.62% of First Financial worth $2,698,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in First Financial in the fourth quarter worth approximately $233,000. Allspring Global Investments Holdings LLC grew its holdings in 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 period. BNP Paribas Financial Markets grew its holdings in First Financial by 64.4% during the first quarter. BNP Paribas Financial Markets now owns 16,435 shares of the bank’s stock worth $630,000 after acquiring an additional 6,437 shares during the period. Janney Montgomery Scott LLC raised its position in First Financial by 17.3% in the first quarter. Janney Montgomery Scott LLC now owns 14,384 shares of the bank’s stock worth $551,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in First Financial by 7.9% in the 1st quarter. Empowered Funds LLC now owns 40,516 shares of the bank’s stock valued at $1,553,000 after acquiring an additional 2,975 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Price Performance

Shares of NASDAQ:THFF opened at $44.18 on Wednesday. The company has a market capitalization of $521.94 million, a PE ratio of 9.42 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average of $42.95 and a 200-day moving average of $39.82. First Financial Co. has a one year low of $31.74 and a one year high of $47.00.

First Financial (NASDAQ:THFF) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. The business had revenue of $70.68 million during the quarter, compared to the consensus estimate of $51.95 million. First Financial had a return on equity of 9.95% and a net margin of 18.22%. As a group, equities analysts anticipate that First Financial Co. will post 3.85 EPS for the current fiscal year.

First Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Tuesday, October 1st. First Financial’s payout ratio is 38.38%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on shares of First Financial from $43.00 to $45.00 and gave the stock a “market perform” rating in a 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.