Wedge Capital Management L L P NC Grows Stock Position in First Financial Co. (NASDAQ:THFF)

Wedge Capital Management L L P NC boosted its position in First Financial Co. (NASDAQ:THFF) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,495 shares of the bank’s stock after buying an additional 1,011 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.10% of First Financial worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of THFF. Signaturefd LLC grew its position in shares of First Financial by 10.3% in the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock valued at $118,000 after purchasing an additional 256 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in First Financial during the 4th quarter valued at approximately $514,000. Allspring Global Investments Holdings LLC raised its position in First Financial by 271.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,696 shares of the bank’s stock valued at $288,000 after purchasing an additional 4,895 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in 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 purchasing an additional 264 shares during the last quarter. Finally, Raymond James & Associates purchased a new position in shares of First Financial during the 4th quarter worth approximately $209,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Stock Down 0.2 %

Shares of NASDAQ:THFF opened at $36.86 on Friday. First Financial Co. has a 52-week low of $31.00 and a 52-week high of $44.91. The firm has a market capitalization of $435.32 million, a P/E ratio of 7.24 and a beta of 0.51. The stock has a 50 day moving average price of $37.01 and a 200-day moving average price of $38.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 0.78.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The company had revenue of $50.84 million for the quarter, compared to the consensus estimate of $51.10 million. First Financial had a net margin of 22.38% and a return on equity of 12.13%. As a group, equities research analysts anticipate that First Financial Co. will post 4.1 EPS for the current fiscal year.

First Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 4.88%. First Financial’s dividend payout ratio (DPR) is presently 35.36%.

First Financial 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.