Russell Investments Group Ltd. Purchases 6,963 Shares of First Financial Co. (NASDAQ:THFF)

Russell Investments Group Ltd. lifted its position in shares of First Financial Co. (NASDAQ:THFF) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,943 shares of the bank’s stock after purchasing an additional 6,963 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of First Financial worth $1,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN boosted its position in shares of First Financial by 5.1% during the fourth quarter. First Financial Corp IN now owns 735,719 shares of the bank’s stock worth $31,651,000 after purchasing an additional 35,940 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of First Financial by 12.4% during the third quarter. AQR Capital Management LLC now owns 204,670 shares of the bank’s stock worth $6,920,000 after acquiring an additional 22,582 shares during the period. Swiss National Bank raised its holdings in shares of First Financial by 7.7% during the third quarter. Swiss National Bank now owns 26,526 shares of the bank’s stock worth $897,000 after acquiring an additional 1,900 shares during the period. Deutsche Bank AG raised its holdings in shares of First Financial by 4.6% during the third quarter. Deutsche Bank AG now owns 16,293 shares of the bank’s stock worth $551,000 after acquiring an additional 717 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of First Financial by 1,184.3% during the third quarter. Tower Research Capital LLC TRC now owns 13,048 shares of the bank’s stock worth $441,000 after acquiring an additional 12,032 shares during the period. 72.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $43.00 price objective (down from $45.00) on shares of First Financial in a report on Wednesday, May 1st.

First Financial Stock Performance

THFF opened at $38.95 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day simple moving average is $37.11 and its 200 day simple moving average is $38.52. The firm has a market capitalization of $460.00 million, a PE ratio of 8.29 and a beta of 0.52. First Financial Co. has a 52-week low of $31.55 and a 52-week high of $44.91.

First Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.45 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.62%. First Financial’s payout ratio is 38.38%.

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.