IndexIQ Advisors LLC cut its holdings in shares of First Financial Corp (NASDAQ:THFF) by 24.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,312 shares of the bank’s stock after selling 6,132 shares during the period. IndexIQ Advisors LLC owned approximately 0.14% of First Financial worth $883,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in First Financial by 60.6% in the 4th quarter. Bessemer Group Inc. now owns 35,000 shares of the bank’s stock valued at $1,600,000 after purchasing an additional 13,200 shares during the period. First Trust Advisors LP boosted its holdings in First Financial by 16.2% in the 4th quarter. First Trust Advisors LP now owns 45,550 shares of the bank’s stock valued at $2,083,000 after purchasing an additional 6,348 shares during the period. Bailard Inc. bought a new stake in First Financial in the 4th quarter valued at $256,000. Russell Investments Group Ltd. boosted its holdings in First Financial by 19.6% in the 4th quarter. Russell Investments Group Ltd. now owns 19,709 shares of the bank’s stock valued at $897,000 after purchasing an additional 3,225 shares during the period. Finally, SG Americas Securities LLC bought a new stake in First Financial in the 4th quarter valued at $141,000. 55.24% of the stock is owned by institutional investors and hedge funds.
In other First Financial news, Director Thomas Craig Martin acquired 850 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $45.75 per share, for a total transaction of $38,887.50. Following the purchase, the director now owns 850 shares in the company, valued at approximately $38,887.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.73% of the company’s stock.
A number of analysts have weighed in on THFF shares. ValuEngine raised shares of First Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. BidaskClub upgraded shares of First Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of First Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 10th.
Shares of THFF stock opened at $43.70 on Friday. First Financial Corp has a 52-week low of $37.41 and a 52-week high of $46.93. The stock has a market cap of $599.26 million, a price-to-earnings ratio of 11.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average of $43.89 and a 200-day moving average of $43.38.
First Financial (NASDAQ:THFF) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. First Financial had a net margin of 26.06% and a return on equity of 9.79%. The company had revenue of $49.80 million during the quarter, compared to analysts’ expectations of $46.65 million. On average, sell-side analysts predict that First Financial Corp will post 3.72 earnings per share for the current year.
First Financial Profile
First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company 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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