Millennium Management LLC Boosts Stock Position in First Financial Co. (NASDAQ:THFF)

Millennium Management LLC raised its position in First Financial Co. (NASDAQ:THFF - Free Report) by 81.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,144 shares of the bank's stock after buying an additional 32,783 shares during the quarter. Millennium Management LLC owned approximately 0.62% of First Financial worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Country Trust Bank purchased a new stake in First Financial in the 2nd quarter valued at approximately $111,000. Comerica Bank grew its holdings in First Financial by 6,849.2% during the first quarter. Comerica Bank now owns 4,517 shares of the bank's stock worth $173,000 after acquiring an additional 4,452 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in First Financial in the first quarter worth $175,000. CWM LLC lifted its holdings in First Financial by 102.3% in the second quarter. CWM LLC now owns 5,098 shares of the bank's stock valued at $188,000 after acquiring an additional 2,578 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of First Financial during the 4th quarter worth $233,000. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Price Performance

Shares of NASDAQ:THFF traded up $0.72 during trading on Wednesday, hitting $44.90. 29,283 shares of the stock were exchanged, compared to its average volume of 44,164. The company has a market cap of $530.45 million, a PE ratio of 9.57 and a beta of 0.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $42.95 and a two-hundred day moving average price of $39.82. First Financial Co. has a 12-month low of $31.74 and a 12-month high of $47.00.

First Financial (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. First Financial had a return on equity of 9.95% and a net margin of 18.22%. The company had revenue of $70.68 million for the quarter, compared to the consensus estimate of $51.95 million. On average, analysts forecast that First Financial Co. will post 3.85 EPS for the current year.

First Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 4.01%. First Financial's dividend payout ratio (DPR) is currently 38.38%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of First Financial from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Thursday, July 25th.

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.