Proficio Capital Partners LLC Invests $582,000 in First Financial Co. (NASDAQ:THFF)

Proficio Capital Partners LLC purchased a new position in shares of First Financial Co. (NASDAQ:THFF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,610 shares of the bank's stock, valued at approximately $582,000. Proficio Capital Partners LLC owned about 0.11% of First Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of First Financial in the 4th quarter worth about $25,000. R Squared Ltd purchased a new position in First Financial in the fourth quarter valued at about $73,000. FMR LLC boosted its stake in First Financial by 420.3% in the third quarter. FMR LLC now owns 3,918 shares of the bank's stock valued at $172,000 after acquiring an additional 3,165 shares during the last quarter. Ieq Capital LLC bought a new position in shares of First Financial during the 4th quarter valued at approximately $205,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of First Financial during the 3rd quarter worth approximately $230,000. 72.74% of the stock is owned by institutional investors.

Insider Activity

In other First Financial news, Director James O. Mcdonald purchased 1,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $48.99 per share, for a total transaction of $48,990.00. Following the transaction, the director now owns 9,462 shares in the company, valued at $463,543.38. The trade was a 11.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Allen Franklin purchased 1,100 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $52.53 per share, with a total value of $57,783.00. Following the purchase, the insider now owns 9,845 shares in the company, valued at approximately $517,157.85. This represents a 12.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,195 shares of company stock worth $111,625. 3.69% of the stock is owned by company insiders.

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First Financial Stock Performance

First Financial stock traded up $0.20 during mid-day trading on Thursday, reaching $50.15. The company's stock had a trading volume of 40,575 shares, compared to its average volume of 49,261. The firm's fifty day moving average price is $49.90 and its two-hundred day moving average price is $47.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. First Financial Co. has a 12-month low of $34.58 and a 12-month high of $53.60. The company has a market capitalization of $594.43 million, a P/E ratio of 12.54 and a beta of 0.49.

First Financial (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. First Financial had a return on equity of 8.77% and a net margin of 15.37%. Sell-side analysts predict that First Financial Co. will post 5.41 EPS for the current fiscal year.

First Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, April 1st. First Financial's payout ratio is 51.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on THFF shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $55.00 price objective (up from $52.00) on shares of First Financial in a report on Thursday, February 6th. Raymond James upgraded First Financial from a "market perform" rating to an "outperform" rating and set a $54.00 price target for the company in a research note on Thursday, December 19th. Finally, Janney Montgomery Scott upgraded First Financial from a "neutral" rating to a "buy" rating and set a $58.00 price objective on the stock in a research note on Monday, February 24th.

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.