First Financial Co. (NASDAQ:THFF – Get Free Report) declared a quarterly dividend on Thursday, September 19th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.45 per share by the bank on Tuesday, October 15th. This represents a $1.80 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, October 1st.
First Financial has increased its dividend by an average of 13.7% annually over the last three years. First Financial has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Financial to earn $5.10 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 35.3%.
First Financial Stock Up 2.3 %
Shares of NASDAQ:THFF opened at $46.46 on Friday. The stock has a market capitalization of $548.69 million, a P/E ratio of 9.91 and a beta of 0.47. The stock’s 50-day moving average price is $43.30 and its 200-day moving average price is $39.12. 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 has a 12-month low of $31.74 and a 12-month high of $47.00.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upped their price objective on shares of First Financial from $43.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.
View Our Latest Analysis on THFF
First Financial Company 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.
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