BlackRock Inc. lifted its holdings in First Financial Corp (NASDAQ:THFF) by 12.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,358 shares of the bank’s stock after purchasing an additional 99,738 shares during the quarter. BlackRock Inc. owned about 7.22% of First Financial worth $40,152,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in First Financial by 9.0% during the first quarter. Wells Fargo & Company MN now owns 16,920 shares of the bank’s stock worth $704,000 after purchasing an additional 1,400 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of First Financial by 2.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 91,714 shares of the bank’s stock valued at $3,816,000 after acquiring an additional 1,828 shares during the period. New York State Common Retirement Fund boosted its position in shares of First Financial by 89.8% in the first quarter. New York State Common Retirement Fund now owns 21,453 shares of the bank’s stock valued at $892,000 after acquiring an additional 10,153 shares during the period. Legal & General Group Plc boosted its position in shares of First Financial by 149.8% in the first quarter. Legal & General Group Plc now owns 6,804 shares of the bank’s stock valued at $283,000 after acquiring an additional 4,080 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of First Financial in the second quarter valued at about $320,000. 54.51% of the stock is owned by hedge funds and other institutional investors.

Shares of First Financial stock opened at $49.35 on Thursday. The stock has a market capitalization of $615.20 million, a PE ratio of 16.99 and a beta of 0.93. First Financial Corp has a 52-week low of $40.75 and a 52-week high of $53.05.

First Financial (NASDAQ:THFF) last announced its earnings results on Tuesday, July 24th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.41. The company had revenue of $43.65 million during the quarter, compared to analysts’ expectations of $36.30 million. First Financial had a net margin of 22.50% and a return on equity of 9.91%. On average, sell-side analysts forecast that First Financial Corp will post 3.76 EPS for the current year.

A number of brokerages have recently issued reports on THFF. BidaskClub raised shares of First Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. ValuEngine raised shares of First Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of First Financial from a “sell” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, June 28th.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.

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Institutional Ownership by Quarter for First Financial (NASDAQ:THFF)

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