First Financial Corp (NASDAQ:THFF) declared a semiannual dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.52 per share by the bank on Tuesday, July 2nd. The ex-dividend date is Friday, June 14th. This is an increase from First Financial’s previous semiannual dividend of $0.51.
First Financial has increased its dividend payment by an average of 1.3% annually over the last three years and has increased its dividend annually for the last 32 consecutive years. First Financial has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Financial to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 26.1%.
First Financial stock traded up $0.16 during trading hours on Monday, reaching $40.32. The company had a trading volume of 17,900 shares, compared to its average volume of 38,549. The stock has a market cap of $493.58 million, a price-to-earnings ratio of 10.61 and a beta of 0.93. First Financial has a 12-month low of $37.41 and a 12-month high of $53.05. The stock has a 50-day simple moving average of $39.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered First Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. BidaskClub upgraded First Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 7th.
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.
Featured Story: What is a Real Estate Investment Trust (REIT)?
Receive News & Ratings for First Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial and related companies with MarketBeat.com's FREE daily email newsletter.