US Bancorp DE Sells 325 Shares of First Financial Co. (NASDAQ:THFF)

US Bancorp DE decreased its stake in shares of First Financial Co. (NASDAQ:THFF) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 994 shares of the bank’s stock after selling 325 shares during the quarter. US Bancorp DE’s holdings in First Financial were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THFF. Rhumbline Advisers raised its stake in First Financial by 1.8% during the second 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 raised its stake in shares of First Financial by 6.0% in 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 during the period. Wedge Capital Management L L P NC raised 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 valued at $622,000 after acquiring an additional 680 shares during the period. Algert Global LLC raised its stake in shares of First Financial by 9.2% in the second quarter. Algert Global LLC now owns 14,106 shares of the bank’s stock valued at $520,000 after acquiring an additional 1,188 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of 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 acquiring an additional 1,359 shares during the period. Institutional investors own 72.74% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Stock Down 1.2 %

Shares of First Financial stock opened at $49.13 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. First Financial Co. has a 1 year low of $34.58 and a 1 year high of $50.63. The firm’s 50-day moving average is $44.21 and its two-hundred day moving average is $41.25. The stock has a market cap of $580.23 million, a price-to-earnings ratio of 13.31 and a beta of 0.47.

First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.17). First Financial had a return on equity of 8.10% and a net margin of 14.86%. The business had revenue of $82.92 million for the quarter, compared to the consensus estimate of $57.95 million. As a group, research analysts expect that First Financial Co. will post 3.92 earnings per share for the current fiscal year.

First Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, October 1st. First Financial’s dividend payout ratio is currently 48.78%.

First Financial 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.