Bank of New York Mellon Corp Has $3.58 Million Stake in First Financial Co. (NASDAQ:THFF)

Bank of New York Mellon Corp decreased its holdings in shares of First Financial Co. (NASDAQ:THFF) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,441 shares of the bank’s stock after selling 15,298 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Financial were worth $3,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of THFF. Versant Capital Management Inc acquired a new position in First Financial during the fourth quarter worth about $25,000. R Squared Ltd acquired a new position in First Financial during the fourth quarter worth about $73,000. FMR LLC raised its stake in First Financial by 420.3% during the third quarter. FMR LLC now owns 3,918 shares of the bank’s stock worth $172,000 after acquiring an additional 3,165 shares in the last quarter. Ieq Capital LLC acquired a new position in First Financial during the fourth quarter worth about $205,000. Finally, Janus Henderson Group PLC acquired a new position in shares of First Financial in the third quarter valued at approximately $230,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

Wall Street Analysts Forecast Growth

THFF has been the subject of several recent research reports. Raymond James raised First Financial from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Thursday, December 19th. Janney Montgomery Scott raised First Financial from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of First Financial in a research note on Thursday, February 6th.

First Financial Price Performance

Shares of THFF opened at $50.64 on Thursday. First Financial Co. has a 12-month low of $34.58 and a 12-month high of $53.60. The business’s fifty day moving average is $49.38 and its 200 day moving average is $47.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $600.24 million, a P/E ratio of 12.66 and a beta of 0.49.

First Financial (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. First Financial had a return on equity of 8.77% and a net margin of 15.37%. Sell-side analysts anticipate that First Financial Co. will post 5.41 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Allen Franklin bought 1,100 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $52.53 per share, for a total transaction of $57,783.00. Following the purchase, the insider now directly owns 9,845 shares in the company, valued at $517,157.85. This trade represents a 12.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James O. Mcdonald bought 1,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $48.99 per share, with a total value of $48,990.00. Following the purchase, the director now owns 9,462 shares in the company, valued at $463,543.38. This trade represents a 11.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,195 shares of company stock valued at $111,625 in the last ninety days. 3.69% of the stock is currently owned by insiders.

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.