First Financial Corp (NASDAQ:THFF) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokers have set a 12 month consensus price objective of $48.00 for the company and are expecting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Financial an industry rank of 3 out of 265 based on the ratings given to its competitors.
Several research analysts have weighed in on the company. BidaskClub upgraded First Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded First Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded First Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 target price on shares of First Financial in a report on Friday, December 22nd.
The company also recently declared a semiannual dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 8th were paid a $0.51 dividend. This is an increase from First Financial’s previous semiannual dividend of $0.50. The ex-dividend date was Friday, January 5th. This represents a dividend yield of 2.14%. First Financial’s dividend payout ratio (DPR) is currently 35.79%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its stake in shares of First Financial by 9.3% in the 2nd quarter. Teachers Advisors LLC now owns 30,225 shares of the bank’s stock valued at $1,430,000 after purchasing an additional 2,567 shares during the period. Vanguard Group Inc. increased its position in shares of First Financial by 4.9% in the second quarter. Vanguard Group Inc. now owns 522,920 shares of the bank’s stock valued at $24,733,000 after acquiring an additional 24,521 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of First Financial in the second quarter valued at about $449,000. Foundry Partners LLC increased its position in shares of First Financial by 7.8% in the third quarter. Foundry Partners LLC now owns 146,560 shares of the bank’s stock valued at $6,976,000 after acquiring an additional 10,600 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of First Financial in the second quarter valued at about $582,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
About First Financial
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.
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