First Financial (NASDAQ:THFF) Given New $45.00 Price Target at Keefe, Bruyette & Woods

First Financial (NASDAQ:THFF) had its price target raised by Keefe, Bruyette & Woods from $43.00 to $45.00 in a research note published on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

First Financial Trading Up 0.3 %

Shares of THFF opened at $46.30 on Thursday. 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 firm has a market cap of $546.80 million, a P/E ratio of 9.87 and a beta of 0.48. First Financial has a fifty-two week low of $31.74 and a fifty-two week high of $47.00. The business has a 50-day moving average of $38.17 and a 200 day moving average of $37.99.

First Financial (NASDAQ:THFF) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. The business had revenue of $70.68 million during the quarter, compared to analyst estimates of $51.95 million. First Financial had a return on equity of 10.07% and a net margin of 18.22%. As a group, research analysts forecast that First Financial will post 4.49 EPS for the current year.

First Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Monday, July 1st. First Financial’s payout ratio is presently 38.38%.

Institutional Trading of First Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in First Financial by 10.3% in the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock valued at $118,000 after purchasing an additional 256 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in First Financial by 3.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,111 shares of the bank’s stock valued at $392,000 after purchasing an additional 264 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in First Financial by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the bank’s stock valued at $280,000 after purchasing an additional 617 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in First Financial by 4.2% in the second quarter. Wedge Capital Management L L P NC now owns 16,854 shares of the bank’s stock valued at $622,000 after purchasing an additional 680 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in First Financial by 15.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,501 shares of the bank’s stock valued at $323,000 after purchasing an additional 983 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

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.