First Financial Corp (THFF) Position Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in First Financial Corp (NASDAQ:THFF) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,650 shares of the bank’s stock after selling 5,245 shares during the quarter. Bank of New York Mellon Corp owned 0.85% of First Financial worth $4,161,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in First Financial by 8.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,722 shares of the bank’s stock valued at $270,000 after buying an additional 500 shares in the last quarter. Prudential Financial Inc. boosted its position in First Financial by 0.4% in the fourth quarter. Prudential Financial Inc. now owns 141,627 shares of the bank’s stock valued at $5,686,000 after buying an additional 554 shares in the last quarter. New York State Common Retirement Fund boosted its position in First Financial by 5.5% in the fourth quarter. New York State Common Retirement Fund now owns 14,348 shares of the bank’s stock valued at $576,000 after buying an additional 748 shares in the last quarter. California Public Employees Retirement System boosted its position in First Financial by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 24,596 shares of the bank’s stock valued at $988,000 after buying an additional 960 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in First Financial by 268.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock valued at $61,000 after buying an additional 1,100 shares in the last quarter. 57.27% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on THFF shares. ValuEngine upgraded shares of First Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub upgraded shares of First Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research upgraded shares of First Financial from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, January 15th.

Shares of NASDAQ:THFF opened at $42.35 on Wednesday. The firm has a market cap of $523.82 million, a PE ratio of 11.14 and a beta of 0.92. First Financial Corp has a 52 week low of $37.41 and a 52 week high of $53.05.

First Financial (NASDAQ:THFF) last issued its quarterly earnings results on Friday, February 1st. The bank reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $37.83 million for the quarter, compared to analyst estimates of $37.41 million. First Financial had a return on equity of 10.93% and a net margin of 28.33%. Research analysts forecast that First Financial Corp will post 3.74 EPS for the current year.

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About First Financial

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company 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.

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Institutional Ownership by Quarter for First Financial (NASDAQ:THFF)

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