First Financial Corp (NASDAQ:THFF) Raises Dividend to $0.52 Per Share

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.

First Financial (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $36.90 million. Analysts anticipate that First Financial will post 3.57 earnings per share for the current year.

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.

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Dividend History for First Financial (NASDAQ:THFF)

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