Allspring Global Investments Holdings LLC Decreases Stock Holdings in First Financial Co. (NASDAQ:THFF)

Allspring Global Investments Holdings LLC reduced its holdings in First Financial Co. (NASDAQ:THFF) by 6.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,737 shares of the bank’s stock after selling 500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of First Financial worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Creative Planning raised its position in First Financial by 57.1% during the third quarter. Creative Planning now owns 47,665 shares of the bank’s stock valued at $2,090,000 after purchasing an additional 17,322 shares during the period. CWM LLC raised its holdings in First Financial by 29.4% during the 3rd quarter. CWM LLC now owns 6,599 shares of the bank’s stock valued at $289,000 after buying an additional 1,501 shares during the period. SG Americas Securities LLC lifted its position in First Financial by 23.0% in the third quarter. SG Americas Securities LLC now owns 12,409 shares of the bank’s stock worth $544,000 after buying an additional 2,323 shares during the last quarter. Algert Global LLC lifted its position in First Financial by 9.2% in the second quarter. Algert Global LLC now owns 14,106 shares of the bank’s stock worth $520,000 after buying an additional 1,188 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in First Financial by 13.6% during the second quarter. Pacific Ridge Capital Partners LLC now owns 32,217 shares of the bank’s stock worth $1,188,000 after buying an additional 3,855 shares during the period. 72.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

First Financial Trading Up 0.3 %

Shares of NASDAQ THFF opened at $43.11 on Friday. The business’s 50 day moving average price is $43.36 and its 200-day moving average price is $40.42. First Financial Co. has a fifty-two week low of $34.50 and a fifty-two week high of $47.00. 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 company has a market cap of $509.13 million, a price-to-earnings ratio of 11.68 and a beta of 0.47.

First Financial (NASDAQ:THFF) last released its earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.17). The business had revenue of $82.92 million during the quarter, compared to analysts’ expectations of $57.95 million. First Financial had a return on equity of 8.25% and a net margin of 14.86%. On average, sell-side analysts expect that First Financial Co. will post 4.14 earnings per share for the current year.

First Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, October 1st. First Financial’s dividend payout ratio is presently 48.78%.

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.