First Financial Co. (NASDAQ:THFF) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in First Financial Co. (NASDAQ:THFF) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,791 shares of the bank’s stock after acquiring an additional 7,828 shares during the quarter. Renaissance Technologies LLC owned 1.08% of First Financial worth $4,713,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of First Financial in the fourth quarter valued at $64,000. Country Trust Bank purchased a new position in shares of First Financial in the second quarter valued at $111,000. Comerica Bank increased its position in shares of First Financial by 6,849.2% in the first quarter. Comerica Bank now owns 4,517 shares of the bank’s stock valued at $173,000 after buying an additional 4,452 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of First Financial in the first quarter valued at $175,000. Finally, CWM LLC increased its position in shares of First Financial by 102.3% in the second quarter. CWM LLC now owns 5,098 shares of the bank’s stock valued at $188,000 after buying an additional 2,578 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Trading Down 0.3 %

First Financial stock opened at $43.16 on Friday. The stock has a market cap of $509.72 million, a PE ratio of 9.36 and a beta of 0.47. The stock has a 50-day moving average price of $43.35 and a 200 day moving average price of $39.34. First Financial Co. has a 52 week low of $31.74 and a 52 week high of $47.00. 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 (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. The firm had revenue of $70.68 million during the quarter, compared to analysts’ expectations of $51.95 million. First Financial had a return on equity of 9.95% and a net margin of 18.22%. Equities research analysts predict that First Financial Co. will post 4.39 earnings per share for the current fiscal year.

First Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Tuesday, October 1st. First Financial’s dividend payout ratio is presently 38.38%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on First Financial from $43.00 to $45.00 and gave the company 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.