California Public Employees Retirement System reduced its stake in shares of First Financial Corp. (NASDAQ:THFF) by 3.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,400 shares of the company’s stock after selling 1,000 shares during the period. California Public Employees Retirement System owned 0.22% of First Financial Corp. worth $1,003,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC bought a new stake in shares of First Financial Corp. during the first quarter worth approximately $339,000. Stadium Capital Management LLC boosted its stake in shares of First Financial Corp. by 177.2% in the first quarter. Stadium Capital Management LLC now owns 217,750 shares of the company’s stock worth $7,449,000 after buying an additional 139,192 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of First Financial Corp. during the first quarter worth approximately $256,000. Quotient Investors LLC bought a new stake in shares of First Financial Corp. during the second quarter worth approximately $615,000. Finally, Foundry Partners LLC boosted its stake in shares of First Financial Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 104,055 shares of the company’s stock worth $3,810,000 after buying an additional 300 shares during the period. 51.99% of the stock is owned by institutional investors.
First Financial Corp. (NASDAQ:THFF) traded down 0.75% on Tuesday, reaching $39.65. The company’s stock had a trading volume of 3,287 shares. The company has a market cap of $483.14 million, a P/E ratio of 13.35 and a beta of 0.97. First Financial Corp. has a 12 month low of $31.15 and a 12 month high of $41.98. The stock’s 50 day moving average price is $40.51 and its 200 day moving average price is $37.66.
First Financial Corp. (NASDAQ:THFF) last released its earnings results on Monday, July 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. First Financial Corp. had a return on equity of 7.68% and a net margin of 25.81%. Equities research analysts forecast that First Financial Corp. will post $3.08 earnings per share for the current year.
A number of equities research analysts recently commented on THFF shares. Zacks Investment Research raised First Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, July 30th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corp. from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th.
In other First Financial Corp. news, Director William J. Voges sold 21,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $40.25, for a total transaction of $845,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.86% of the company’s stock.
About First Financial Corp.
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. It operates in the banking segment. The Company is the holding company of First Financial Bank, N.A.
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