BNP Paribas Financial Markets Reduces Stake in First Financial Co. (NASDAQ:THFF)

BNP Paribas Financial Markets lessened its stake in shares of First Financial Co. (NASDAQ:THFF) by 38.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,538 shares of the bank’s stock after selling 5,971 shares during the period. BNP Paribas Financial Markets’ holdings in First Financial were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of THFF. FMR LLC lifted its holdings in First Financial by 420.3% in the third quarter. FMR LLC now owns 3,918 shares of the bank’s stock valued at $172,000 after acquiring an additional 3,165 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in First Financial by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 97,608 shares of the bank’s stock valued at $4,280,000 after purchasing an additional 569 shares during the period. Foundry Partners LLC lifted its stake in shares of First Financial by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 57,630 shares of the bank’s stock valued at $2,527,000 after purchasing an additional 555 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Financial in the 3rd quarter valued at $279,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of First Financial by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,235 shares of the bank’s stock worth $1,984,000 after purchasing an additional 910 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Stock Down 0.4 %

Shares of NASDAQ:THFF opened at $49.61 on Friday. The business has a 50-day moving average price of $46.61 and a 200 day moving average price of $42.84. First Financial Co. has a 12-month low of $34.58 and a 12-month high of $51.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $585.89 million, a price-to-earnings ratio of 13.44 and a beta of 0.50.

First Financial (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.17). First Financial had a net margin of 14.86% and a return on equity of 8.10%. The company had revenue of $82.92 million for the quarter, compared to analyst estimates of $57.95 million. Sell-side analysts expect that First Financial Co. will post 3.92 EPS for the current year.

First Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, October 1st. First Financial’s dividend payout ratio (DPR) is 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.