First Financial Co. (NASDAQ:THFF) Stock Position Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of First Financial Co. (NASDAQ:THFF) by 42.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 817 shares of the bank’s stock after selling 610 shares during the period. Nisa Investment Advisors LLC’s holdings in First Financial were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THFF. Boston Partners acquired a new position in shares of First Financial during the first quarter valued at approximately $665,000. Acadian Asset Management LLC lifted its position in First Financial by 11.8% in the first quarter. Acadian Asset Management LLC now owns 125,553 shares of the bank’s stock worth $4,811,000 after purchasing an additional 13,278 shares during the period. American Century Companies Inc. boosted its stake in First Financial by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 190,126 shares of the bank’s stock valued at $7,012,000 after purchasing an additional 30,986 shares in the last quarter. Creative Planning increased its position in shares of First Financial by 57.1% during the 3rd 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. Finally, Millennium Management LLC raised its stake in shares of First Financial by 81.2% in the 2nd quarter. Millennium Management LLC now owns 73,144 shares of the bank’s stock worth $2,698,000 after buying an additional 32,783 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Stock Performance

Shares of THFF opened at $48.90 on Friday. First Financial Co. has a 12-month low of $34.58 and a 12-month high of $50.63. The stock has a market capitalization of $577.70 million, a P/E ratio of 13.25 and a beta of 0.47. The firm’s 50 day moving average is $43.60 and its 200-day moving average is $40.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.79.

First Financial (NASDAQ:THFF) last posted its quarterly 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 8.25% and a net margin of 14.86%. The business had revenue of $82.92 million during the quarter, compared to analyst estimates of $57.95 million. Equities research analysts anticipate that First Financial Co. will post 3.92 EPS for the current fiscal year.

First Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, October 1st. First Financial’s dividend payout ratio is 48.78%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on 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 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.