Wedge Capital Management L L P NC Purchases 1,011 Shares of First Financial Co. (NASDAQ:THFF)

Wedge Capital Management L L P NC lifted its position in shares of First Financial Co. (NASDAQ:THFF) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,495 shares of the bank’s stock after purchasing an additional 1,011 shares during the period. Wedge Capital Management L L P NC’s holdings in First Financial were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN boosted its holdings in First Financial by 5.1% in the fourth quarter. First Financial Corp IN now owns 735,719 shares of the bank’s stock valued at $31,651,000 after acquiring an additional 35,940 shares during the last quarter. AQR Capital Management LLC raised its position in shares of First Financial by 12.4% during the third quarter. AQR Capital Management LLC now owns 204,670 shares of the bank’s stock worth $6,920,000 after purchasing an additional 22,582 shares during the period. Swiss National Bank raised its position in shares of First Financial by 7.7% during the third quarter. Swiss National Bank now owns 26,526 shares of the bank’s stock worth $897,000 after purchasing an additional 1,900 shares during the period. Deutsche Bank AG raised its position in shares of First Financial by 4.6% during the third quarter. Deutsche Bank AG now owns 16,293 shares of the bank’s stock worth $551,000 after purchasing an additional 717 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of First Financial by 1,184.3% during the third quarter. Tower Research Capital LLC TRC now owns 13,048 shares of the bank’s stock worth $441,000 after purchasing an additional 12,032 shares during the period. 72.74% of the stock is currently owned by institutional investors.

First Financial Price Performance

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

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

First Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued 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 currently 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.