Charles Schwab Investment Management Inc. Acquires 569 Shares of First Financial Co. (NASDAQ:THFF)

Charles Schwab Investment Management Inc. boosted its holdings in First Financial Co. (NASDAQ:THFF) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,608 shares of the bank’s stock after buying an additional 569 shares during the period. Charles Schwab Investment Management Inc.’s holdings in First Financial were worth $4,280,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Comerica Bank increased its position 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 valued at $173,000 after purchasing an additional 4,452 shares during the period. CWM LLC boosted its stake in First Financial by 102.3% in the 2nd quarter. CWM LLC now owns 5,098 shares of the bank’s stock valued at $188,000 after buying an additional 2,578 shares in the last quarter. Quest Partners LLC boosted its stake in 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 buying an additional 400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Financial in the 3rd quarter valued at $279,000. Finally, Algert Global LLC boosted its stake in First Financial by 9.2% in the 2nd quarter. Algert Global LLC now owns 14,106 shares of the bank’s stock valued at $520,000 after buying an additional 1,188 shares in the last quarter. 72.74% of the stock is owned by institutional investors.

First Financial Price Performance

Shares of THFF stock opened at $49.61 on Friday. The stock’s fifty day simple moving average is $46.45 and its 200 day simple moving average is $42.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $585.89 million, a price-to-earnings ratio of 13.54 and a beta of 0.50. First Financial Co. has a one year low of $34.58 and a one year high of $51.87.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.17). The business had revenue of $82.92 million during the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, October 1st. First Financial’s dividend payout ratio is currently 48.78%.

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.