Perkins Coie Trust Co Sells 700 Shares of First Financial Co. (NASDAQ:THFF)

Perkins Coie Trust Co cut its holdings in shares of First Financial Co. (NASDAQ:THFF) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,800 shares of the bank’s stock after selling 700 shares during the quarter. Perkins Coie Trust Co owned approximately 0.07% of First Financial worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC raised its holdings in First Financial by 23.0% during the third quarter. SG Americas Securities LLC now owns 12,409 shares of the bank’s stock valued at $544,000 after acquiring an additional 2,323 shares during the period. Creative Planning raised its holdings in First Financial by 12.4% during the second quarter. Creative Planning now owns 30,343 shares of the bank’s stock valued at $1,119,000 after acquiring an additional 3,340 shares during the period. Algert Global LLC raised its holdings in First Financial by 9.2% during 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. Pacific Ridge Capital Partners LLC increased its holdings in shares of First Financial by 13.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 32,217 shares of the bank’s stock worth $1,188,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of First Financial by 81.2% in the second quarter. Millennium Management LLC now owns 73,144 shares of the bank’s stock worth $2,698,000 after purchasing an additional 32,783 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

First Financial Price Performance

Shares of THFF stock traded down $0.23 during trading hours on Wednesday, hitting $41.51. The stock had a trading volume of 18,724 shares, compared to its average volume of 38,919. First Financial Co. has a one year low of $31.74 and a one year 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. The stock’s 50-day moving average price is $42.88 and its two-hundred day moving average price is $39.64. The stock has a market capitalization of $490.23 million, a price-to-earnings ratio of 8.85 and a beta of 0.47.

First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. First Financial had a return on equity of 9.95% and a net margin of 18.22%. The firm had revenue of $70.68 million for the quarter, compared to analysts’ expectations of $51.95 million. Equities analysts forecast that First Financial Co. will post 3.85 EPS for the current year.

First Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 4.34%. First Financial’s payout ratio is currently 38.38%.

Analyst Upgrades and Downgrades

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

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.