First Financial (NASDAQ:THFF) Given “Market Perform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of First Financial (NASDAQ:THFF) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $43.00 price target on the bank’s stock, down from their previous price target of $45.00.

First Financial Trading Up 0.4 %

THFF opened at $37.65 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.78 and a quick ratio of 0.78. First Financial has a fifty-two week low of $31.00 and a fifty-two week high of $44.91. The company’s 50 day moving average price is $36.93 and its two-hundred day moving average price is $38.21. The firm has a market capitalization of $444.65 million, a price-to-earnings ratio of 8.03 and a beta of 0.52.

First Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 4.78%. First Financial’s dividend payout ratio is currently 38.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of First Financial by 17.3% in the first quarter. Janney Montgomery Scott LLC now owns 14,384 shares of the bank’s stock valued at $551,000 after purchasing an additional 2,123 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of First Financial by 64.4% in the first quarter. BNP Paribas Financial Markets now owns 16,435 shares of the bank’s stock valued at $630,000 after purchasing an additional 6,437 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of First Financial by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the bank’s stock valued at $280,000 after purchasing an additional 617 shares in the last quarter. Quadrature Capital Ltd purchased a new position in First Financial during the fourth quarter worth about $233,000. Finally, Campbell & CO Investment Adviser LLC grew its position in First Financial by 113.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,249 shares of the bank’s stock worth $785,000 after purchasing an additional 9,709 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

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.