Pacific Ridge Capital Partners LLC lessened its stake in shares of First Financial Corp (NASDAQ:THFF) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the bank’s stock after selling 690 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.17% of First Financial worth $882,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in First Financial by 1,505.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,204 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of First Financial by 326.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock worth $105,000 after purchasing an additional 1,905 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of First Financial during the fourth quarter valued at $110,000. SG Americas Securities LLC purchased a new position in shares of First Financial during the first quarter valued at $111,000. Finally, Kessler Investment Group LLC grew its holdings in shares of First Financial by 41.5% during the first quarter. Kessler Investment Group LLC now owns 3,261 shares of the bank’s stock valued at $137,000 after buying an additional 957 shares in the last quarter. Institutional investors and hedge funds own 56.89% of the company’s stock.
A number of research analysts have recently weighed in on the company. BidaskClub downgraded First Financial from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded First Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd.
First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). First Financial had a net margin of 28.30% and a return on equity of 10.80%. The firm had revenue of $37.06 million during the quarter, compared to analyst estimates of $36.90 million. On average, research analysts predict that First Financial Corp will post 3.57 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 17th will be given a dividend of $0.52 per share. This is an increase from First Financial’s previous semiannual dividend of $0.51. The ex-dividend date is Friday, June 14th. First Financial’s payout ratio is currently 27.37%.
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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