LSV Asset Management Has $17.56 Million Stake in First Financial Co. (NASDAQ:THFF)

LSV Asset Management lowered its position in First Financial Co. (NASDAQ:THFF) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 408,108 shares of the bank’s stock after selling 6,000 shares during the quarter. LSV Asset Management’s holdings in First Financial were worth $17,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Global Investments acquired a new position in shares of First Financial in the fourth quarter valued at $312,000. Russell Investments Group Ltd. grew its position in shares of First Financial by 24.0% in the fourth quarter. Russell Investments Group Ltd. now owns 35,943 shares of the bank’s stock valued at $1,547,000 after purchasing an additional 6,963 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of First Financial by 9.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 11,495 shares of the bank’s stock worth $495,000 after purchasing an additional 1,011 shares during the period. Signaturefd LLC lifted its holdings in First Financial by 10.3% during the 4th quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock worth $118,000 after purchasing an additional 256 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in First Financial in the 4th quarter valued at $514,000. Institutional investors own 72.74% of the company’s stock.

First Financial Stock Performance

NASDAQ THFF opened at $38.11 on Tuesday. The firm has a 50-day moving average price of $36.95 and a two-hundred day moving average price of $38.29. First Financial Co. has a 12-month low of $31.55 and a 12-month high of $44.91. The company has a market capitalization of $450.08 million, a P/E ratio of 8.13 and a beta of 0.52. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.21.

First Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Thursday, March 28th. First Financial’s dividend payout ratio (DPR) is currently 38.38%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $43.00 price objective (down previously from $45.00) on shares of First Financial in a research report on Wednesday, May 1st.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It 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.