First Financial Co. (NASDAQ:THFF) Position Reduced by LSV Asset Management

LSV Asset Management trimmed its position in First Financial Co. (NASDAQ:THFF) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 408,108 shares of the bank’s stock after selling 6,000 shares during the period. LSV Asset Management owned approximately 3.47% of First Financial worth $17,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of First Financial by 10.3% in the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock valued at $118,000 after buying an additional 256 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of First Financial during the third quarter worth $151,000. Raymond James & Associates purchased a new stake in shares of First Financial during the fourth quarter valued at $209,000. Johnson Investment Counsel Inc. purchased a new stake in shares of First Financial during the third quarter valued at $237,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Financial in the 3rd quarter valued at $244,000. 72.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $43.00 price objective (down from $45.00) on shares of First Financial in a research note on Wednesday, May 1st.

First Financial Stock Up 1.2 %

Shares of First Financial stock opened at $38.11 on Tuesday. The stock has a 50-day simple moving average of $36.95 and a 200-day simple moving average of $38.29. First Financial Co. has a 52-week low of $31.55 and a 52-week high of $44.91. The firm has a market cap of $450.08 million, a price-to-earnings ratio of 8.13 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.78 and a quick ratio of 0.78.

First Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.72%. The ex-dividend date was Thursday, March 28th. First Financial’s dividend payout ratio is 38.38%.

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.