First Financial Co. (NASDAQ:THFF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in First Financial Co. (NASDAQ:THFF) by 38.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,538 shares of the bank’s stock after selling 5,971 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of First Financial worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its stake in shares of First Financial by 420.3% in the 3rd quarter. FMR LLC now owns 3,918 shares of the bank’s stock valued at $172,000 after purchasing an additional 3,165 shares in the last quarter. Comerica Bank increased its stake in shares of First Financial by 6,849.2% in the 1st quarter. Comerica Bank now owns 4,517 shares of the bank’s stock valued at $173,000 after purchasing an additional 4,452 shares in the last quarter. Quest Partners LLC increased its stake in shares of First Financial by 6.0% in the 2nd quarter. Quest Partners LLC now owns 7,043 shares of the bank’s stock valued at $260,000 after purchasing an additional 400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Financial in the 3rd quarter valued at about $279,000. Finally, CWM LLC increased its stake in shares of First Financial by 29.4% in the 3rd quarter. CWM LLC now owns 6,599 shares of the bank’s stock valued at $289,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Price Performance

Shares of First Financial stock opened at $49.61 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. First Financial Co. has a twelve month low of $34.58 and a twelve month high of $51.87. The business has a 50-day moving average price of $46.61 and a 200 day moving average price of $42.84. The firm has a market cap of $585.89 million, a PE ratio of 13.44 and a beta of 0.50.

First Financial (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.17). First Financial had a net margin of 14.86% and a return on equity of 8.10%. The business had revenue of $82.92 million during the quarter, compared to analysts’ expectations of $57.95 million. Sell-side analysts predict 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. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, October 1st. First Financial’s payout ratio is 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.