Paul Joseph Pierson II Buys 1,500 Shares of First Financial Co. (NASDAQ:THFF) Stock

First Financial Co. (NASDAQ:THFF – Get Rating) Director Paul Joseph Pierson II bought 1,500 shares of the stock in a transaction dated Friday, March 10th. The shares were acquired at an average price of $40.18 per share, with a total value of $60,270.00. Following the completion of the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at $301,350. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Financial Stock Down 4.2 %

NASDAQ:THFF opened at $38.36 on Tuesday. The company has a market capitalization of $463.01 million, a price-to-earnings ratio of 6.60 and a beta of 0.57. First Financial Co. has a one year low of $37.37 and a one year high of $49.90. The stock has a 50-day simple moving average of $44.28 and a 200 day simple moving average of $46.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 0.74.

Hedge Funds Weigh In On First Financial

A number of hedge funds have recently bought and sold shares of THFF. BlackRock Inc. grew its stake in First Financial by 17.0% in the first quarter. BlackRock Inc. now owns 1,331,453 shares of the bank’s stock worth $57,625,000 after purchasing an additional 193,283 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in First Financial by 585.0% in the second quarter. JPMorgan Chase & Co. now owns 206,112 shares of the bank’s stock worth $9,172,000 after acquiring an additional 176,022 shares during the last quarter. State Street Corp lifted its holdings in First Financial by 42.4% in the first quarter. State Street Corp now owns 524,197 shares of the bank’s stock worth $22,687,000 after acquiring an additional 156,091 shares during the last quarter. LSV Asset Management lifted its holdings in First Financial by 49.8% in the fourth quarter. LSV Asset Management now owns 368,388 shares of the bank’s stock worth $16,975,000 after acquiring an additional 122,504 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in First Financial by 330.2% in the fourth quarter. Millennium Management LLC now owns 57,032 shares of the bank’s stock worth $2,628,000 after acquiring an additional 43,776 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded First Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th.

First Financial Company Profile

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First Financial Corp. is a bank holding company, which is engages in the provision of financial services. It offers commercial, mortgage and consumer lending, lease financing, trust account services, depositor services, and insurance services. The company was founded in 1984 and is headquartered in Terre Haute, IN.