Perkins Coie Trust Co Sells 1,250 Shares of First Financial Co. (NASDAQ:THFF)

Perkins Coie Trust Co decreased its holdings in First Financial Co. (NASDAQ:THFF) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,550 shares of the bank’s stock after selling 1,250 shares during the period. Perkins Coie Trust Co’s holdings in First Financial were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of THFF. Rhumbline Advisers lifted its position in First Financial by 1.8% during the second quarter. Rhumbline Advisers now owns 18,726 shares of the bank’s stock valued at $691,000 after acquiring an additional 323 shares during the last quarter. Versant Capital Management Inc purchased a new position in First Financial in the fourth quarter worth $25,000. Foundry Partners LLC increased its position in shares of First Financial by 1.0% during the third quarter. Foundry Partners LLC now owns 57,630 shares of the bank’s stock worth $2,527,000 after purchasing an additional 555 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Financial by 0.6% during the 3rd 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 last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of First Financial by 2.1% in 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 in the last quarter. Institutional investors own 72.74% of the company’s stock.

First Financial Stock Performance

Shares of First Financial stock opened at $46.44 on Friday. The company has a 50 day moving average price of $47.78 and a 200 day moving average price of $44.62. The firm has a market capitalization of $548.46 million, a P/E ratio of 12.59 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. First Financial Co. has a 52 week low of $34.58 and a 52 week high of $51.87.

First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 8.10% and a net margin of 14.86%. Sell-side analysts expect that First Financial Co. will post 3.92 EPS for the current year.

First Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 4.39%. This is a boost from First Financial’s previous quarterly dividend of $0.45. First Financial’s payout ratio is currently 55.28%.

Analyst Ratings Changes

Separately, Raymond James raised First Financial from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Thursday, December 19th.

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.