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

Marks Group Wealth Management Inc lowered its stake in shares of First Financial Co. (NASDAQ:THFF) by 6.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,309 shares of the bank’s stock after selling 1,673 shares during the period. Marks Group Wealth Management Inc owned approximately 0.21% of First Financial worth $1,066,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in THFF. Creative Planning boosted its holdings in First Financial by 57.1% in the third quarter. Creative Planning now owns 47,665 shares of the bank’s stock worth $2,090,000 after purchasing an additional 17,322 shares during the last quarter. CWM LLC lifted its holdings in shares of First Financial by 29.4% during the 3rd quarter. CWM LLC now owns 6,599 shares of the bank’s stock valued at $289,000 after buying an additional 1,501 shares during the period. SG Americas Securities LLC boosted its stake in shares of First Financial by 23.0% in the 3rd quarter. SG Americas Securities LLC now owns 12,409 shares of the bank’s stock worth $544,000 after buying an additional 2,323 shares during the last quarter. Algert Global LLC grew its holdings in shares of First Financial by 9.2% in the second quarter. Algert Global LLC now owns 14,106 shares of the bank’s stock worth $520,000 after acquiring an additional 1,188 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in First Financial by 13.6% during the second quarter. Pacific Ridge Capital Partners LLC now owns 32,217 shares of the bank’s stock valued at $1,188,000 after acquiring an additional 3,855 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

Analysts Set New Price Targets

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

First Financial Stock Up 14.3 %

Shares of THFF stock opened at $50.23 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.20. First Financial Co. has a 12 month low of $34.50 and a 12 month high of $50.63. The stock has a market cap of $593.22 million, a P/E ratio of 13.61 and a beta of 0.47. The company has a 50 day simple moving average of $43.44 and a two-hundred day simple moving average of $40.64.

First Financial (NASDAQ:THFF) last posted 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). The company had revenue of $82.92 million during the quarter, compared to analysts’ expectations of $57.95 million. First Financial had a return on equity of 8.25% and a net margin of 14.86%. On average, research analysts expect that First Financial Co. will post 3.92 earnings per share for the current year.

First Financial Announces Dividend

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

About First Financial

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.