Federated Hermes Inc. Has $518,000 Stock Holdings in First Financial Co. (NASDAQ:THFF)

Federated Hermes Inc. lowered its position in shares of First Financial Co. (NASDAQ:THFF) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,034 shares of the bank’s stock after selling 570 shares during the quarter. Federated Hermes Inc. owned about 0.10% of First Financial worth $518,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of THFF. First Financial Corp IN raised its holdings in First Financial by 5.1% in the 4th quarter. First Financial Corp IN now owns 735,719 shares of the bank’s stock valued at $31,651,000 after acquiring an additional 35,940 shares in the last quarter. AQR Capital Management LLC raised its position in shares of First Financial by 12.4% in the 3rd quarter. AQR Capital Management LLC now owns 204,670 shares of the bank’s stock valued at $6,920,000 after buying an additional 22,582 shares in the last quarter. Swiss National Bank lifted its holdings in shares of First Financial by 7.7% during the 3rd 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 boosted its position in shares of First Financial by 4.6% during the 3rd quarter. Deutsche Bank AG now owns 16,293 shares of the bank’s stock worth $551,000 after acquiring an additional 717 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in First Financial by 1,184.3% in the third quarter. Tower Research Capital LLC TRC now owns 13,048 shares of the bank’s stock valued at $441,000 after acquiring an additional 12,032 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

First Financial Stock Performance

First Financial stock opened at $37.65 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.21. The stock has a market cap of $444.65 million, a PE ratio of 8.03 and a beta of 0.52. First Financial Co. has a 12-month low of $31.00 and a 12-month high of $44.91. The business’s 50-day moving average price is $36.92 and its two-hundred day moving average price is $38.15.

First Financial (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.07). The company had revenue of $50.84 million for the quarter, compared to the consensus estimate of $51.10 million. First Financial had a net margin of 20.16% and a return on equity of 11.16%. As a group, analysts expect that First Financial Co. will post 4.1 earnings per share for the current fiscal year.

First Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.78%. First Financial’s payout ratio is presently 38.38%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $43.00 target price (down from $45.00) on shares of First Financial in a research note on Wednesday.

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.