Swiss National Bank lifted its position in First Financial Corp (NASDAQ:THFF) by 2.8% in the second quarter, HoldingsChannel.com reports. The firm owned 18,326 shares of the bank’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank’s holdings in First Financial were worth $736,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in THFF. Walthausen & Co. LLC grew its stake in First Financial by 37.5% during the first quarter. Walthausen & Co. LLC now owns 199,699 shares of the bank’s stock valued at $8,387,000 after acquiring an additional 54,470 shares in the last quarter. IndexIQ Advisors LLC purchased a new position in First Financial during the first quarter valued at $781,000. Acadian Asset Management LLC grew its stake in First Financial by 77.8% during the first quarter. Acadian Asset Management LLC now owns 41,558 shares of the bank’s stock valued at $1,746,000 after acquiring an additional 18,191 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in First Financial during the second quarter valued at $475,000. Finally, OLD National Bancorp IN grew its stake in First Financial by 16.1% during the second quarter. OLD National Bancorp IN now owns 76,561 shares of the bank’s stock valued at $3,074,000 after acquiring an additional 10,632 shares in the last quarter. 57.44% of the stock is owned by hedge funds and other institutional investors.
THFF stock traded up $0.62 during trading on Friday, hitting $44.41. 440 shares of the company’s stock traded hands, compared to its average volume of 32,945. First Financial Corp has a 52 week low of $37.41 and a 52 week high of $52.52. The business has a fifty day simple moving average of $41.38 and a 200 day simple moving average of $41.05. The stock has a market capitalization of $514.84 million, a price-to-earnings ratio of 11.67 and a beta of 0.93.
First Financial (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. First Financial had a net margin of 27.15% and a return on equity of 9.85%. The business had revenue of $39.50 million during the quarter, compared to analyst estimates of $38.10 million. As a group, analysts expect that First Financial Corp will post 3.67 earnings per share for the current year.
Several research firms have commented on THFF. BidaskClub upgraded shares of First Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research reiterated a “sell” rating on shares of First Financial in a research report on Saturday, June 29th.
First Financial Company Profile
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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