Thrivent Financial for Lutherans Lowers Stock Holdings in First Financial Co. (NASDAQ:THFF)

Thrivent Financial for Lutherans cut its holdings in First Financial Co. (NASDAQ:THFF) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,942 shares of the bank’s stock after selling 2,112 shares during the quarter. Thrivent Financial for Lutherans owned 0.22% of First Financial worth $1,138,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Country Trust Bank purchased a new stake in First Financial in the 2nd quarter worth $111,000. Comerica Bank increased its stake in shares of First Financial by 6,849.2% during the first quarter. Comerica Bank now owns 4,517 shares of the bank’s stock worth $173,000 after purchasing an additional 4,452 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of First Financial during the 1st quarter worth about $175,000. CWM LLC raised its position in shares of First Financial by 102.3% during the 2nd quarter. CWM LLC now owns 5,098 shares of the bank’s stock worth $188,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in First Financial by 6.0% in the 2nd quarter. Quest Partners LLC now owns 7,043 shares of the bank’s stock worth $260,000 after buying an additional 400 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Price Performance

NASDAQ:THFF opened at $48.84 on Monday. The stock has a 50 day moving average of $45.24 and a two-hundred day moving average of $42.05. First Financial Co. has a 12 month low of $34.58 and a 12 month high of $51.87. The firm has a market cap of $576.80 million, a P/E ratio of 13.24 and a beta of 0.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

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

First Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Tuesday, October 1st. First Financial’s dividend payout ratio (DPR) is 48.78%.

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.