First Financial Corp (THFF) is First Financial Corp IN’s Largest Position
First Financial Corp IN cut its stake in shares of First Financial Corp (NASDAQ:THFF) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 945,331 shares of the bank’s stock after selling 28,617 shares during the period. First Financial Corp accounts for about 28.5% of First Financial Corp IN’s investment portfolio, making the stock its largest position. First Financial Corp IN owned about 7.73% of First Financial Corp worth $44,903,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in First Financial Corp by 1.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,094 shares of the bank’s stock valued at $110,000 after buying an additional 22 shares in the last quarter. Bank of Montreal Can boosted its position in First Financial Corp by 2.7% in the first quarter. Bank of Montreal Can now owns 3,877 shares of the bank’s stock valued at $184,000 after buying an additional 101 shares in the last quarter. Cigna Investments Inc. New purchased a new position in First Financial Corp during the fourth quarter valued at about $272,000. A.R.T. Advisors LLC purchased a new position in First Financial Corp during the fourth quarter valued at about $517,000. Finally, Highbridge Capital Management LLC purchased a new position in First Financial Corp during the fourth quarter valued at about $526,000. Hedge funds and other institutional investors own 51.24% of the company’s stock.
First Financial Corp (NASDAQ:THFF) traded down 0.11% during trading on Tuesday, reaching $46.10. 24,101 shares of the company’s stock were exchanged. The firm has a market capitalization of $563.48 million, a price-to-earnings ratio of 14.78 and a beta of 0.85. First Financial Corp has a 52 week low of $33.54 and a 52 week high of $53.49. The stock has a 50-day moving average price of $46.80 and a 200 day moving average price of $46.29.
First Financial Corp (NASDAQ:THFF) last announced its earnings results on Tuesday, February 7th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $34.83 million for the quarter, compared to analyst estimates of $34.92 million. First Financial Corp had a net margin of 26.97% and a return on equity of 7.83%. Equities research analysts forecast that First Financial Corp will post $2.76 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of First Financial Corp from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, April 12th. Keefe, Bruyette & Woods set a $45.00 target price on shares of First Financial Corp and gave the company a “neutral” rating in a research note on Wednesday, March 22nd.
First Financial Corp Company Profile
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. It operates in the banking segment. The Company is the holding company of First Financial Bank, N.A.
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