Shares of First Financial Co. (NASDAQ:THFF – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.72 and traded as high as $38.95. First Financial shares last traded at $38.53, with a volume of 56,818 shares trading hands.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods upped their price target on First Financial from $40.00 to $43.00 and gave the stock a “market perform” rating in a report on Thursday, November 16th.
First Financial Stock Performance
First Financial Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.45 per share. This represents a dividend yield of 4.7%. The ex-dividend date was Friday, December 29th. First Financial’s dividend payout ratio (DPR) is currently 17.68%.
Hedge Funds Weigh In On First Financial
Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of First Financial by 10.3% during the 4th quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock valued at $118,000 after acquiring an additional 256 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of First Financial by 3.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,111 shares of the bank’s stock valued at $392,000 after acquiring an additional 264 shares in the last quarter. American International Group Inc. raised its position in shares of First Financial by 5.7% during the 2nd quarter. American International Group Inc. now owns 5,657 shares of the bank’s stock valued at $184,000 after acquiring an additional 306 shares in the last quarter. Federated Hermes Inc. raised its position in shares of First Financial by 2.6% during the 3rd quarter. Federated Hermes Inc. now owns 12,604 shares of the bank’s stock valued at $426,000 after acquiring an additional 325 shares in the last quarter. Finally, Credit Suisse AG raised its position in shares of First Financial by 4.9% during the 3rd quarter. Credit Suisse AG now owns 7,896 shares of the bank’s stock valued at $357,000 after acquiring an additional 366 shares in the last quarter. 72.84% of the stock is currently owned by hedge funds and other institutional investors.
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.
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