State Board of Administration of Florida Retirement System lowered its stake in First Financial Corp. (NASDAQ:THFF) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,908 shares of the company’s stock after selling 2,430 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of First Financial Corp. worth $436,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of First Financial Corp. during the second quarter valued at approximately $154,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Financial Corp. during the first quarter valued at approximately $256,000. Aperio Group LLC acquired a new position in shares of First Financial Corp. during the first quarter valued at approximately $339,000. Smith Asset Management Group LP raised its position in shares of First Financial Corp. by 68.3% in the second quarter. Smith Asset Management Group LP now owns 9,360 shares of the company’s stock valued at $343,000 after buying an additional 3,800 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. acquired a new position in shares of First Financial Corp. during the second quarter valued at approximately $388,000. 51.98% of the stock is owned by institutional investors.
Shares of First Financial Corp. (NASDAQ:THFF) traded down 0.89% during mid-day trading on Friday, reaching $40.29. The company’s stock had a trading volume of 22,687 shares. First Financial Corp. has a 12-month low of $31.15 and a 12-month high of $41.98. The company’s 50-day moving average price is $40.58 and its 200-day moving average price is $37.37. The stock has a market capitalization of $490.93 million, a P/E ratio of 13.56 and a beta of 0.97.
First Financial Corp. (NASDAQ:THFF) last posted its earnings results on Monday, July 25th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. First Financial Corp. had a return on equity of 7.68% and a net margin of 25.81%. On average, equities research analysts forecast that First Financial Corp. will post $3.08 earnings per share for the current fiscal year.
THFF has been the subject of several research reports. Zacks Investment Research raised First Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Saturday, July 30th. Keefe, Bruyette & Woods upped their target price 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 news, Director William J. Voges sold 21,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $40.25, for a total value of $845,250.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.86% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding THFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Financial Corp. (NASDAQ:THFF).
Receive News & Ratings for First Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.