Marks Group Wealth Management Inc Sells 1,673 Shares of First Financial Co. (NASDAQ:THFF)

Marks Group Wealth Management Inc cut its holdings in First Financial Co. (NASDAQ:THFF) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 24,309 shares of the bank’s stock after selling 1,673 shares during the quarter. Marks Group Wealth Management Inc’s holdings in First Financial were worth $1,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in THFF. Rhumbline Advisers lifted its holdings in shares of First Financial by 1.8% in the second quarter. Rhumbline Advisers now owns 18,726 shares of the bank’s stock worth $691,000 after buying an additional 323 shares in the last quarter. Quest Partners LLC increased its holdings in First Financial by 6.0% in the 2nd quarter. Quest Partners LLC now owns 7,043 shares of the bank’s stock valued at $260,000 after acquiring an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in First Financial by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the bank’s stock worth $280,000 after purchasing an additional 617 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of First Financial by 4.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 16,854 shares of the bank’s stock valued at $622,000 after purchasing an additional 680 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of First Financial by 9.2% during the second quarter. Algert Global LLC now owns 14,106 shares of the bank’s stock valued at $520,000 after purchasing an additional 1,188 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Stock Up 14.3 %

NASDAQ THFF opened at $50.23 on Thursday. The stock has a 50 day moving average price of $43.44 and a 200-day moving average price of $40.64. First Financial Co. has a one year low of $34.50 and a one year high of $50.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $593.22 million, a P/E ratio of 13.61 and a beta of 0.47.

First Financial (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.74 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.17). First Financial had a net margin of 14.86% and a return on equity of 8.25%. The business had revenue of $82.92 million for the quarter, compared to the consensus estimate of $57.95 million. As a group, equities analysts predict that First Financial Co. will post 3.92 EPS for the current fiscal year.

First Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 3.58%. First Financial’s dividend payout ratio is currently 48.78%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on First Financial from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

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.