Swiss National Bank increased its position in shares of First Financial Corp. (NASDAQ:THFF) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 16,026 shares of the company’s stock after buying an additional 1,600 shares during the period. Swiss National Bank owned about 0.13% of First Financial Corp. worth $587,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of First Financial Corp. during the second quarter worth approximately $154,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Financial Corp. during the first quarter worth $256,000. Aperio Group LLC acquired a new position in shares of First Financial Corp. during the first quarter worth $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 worth $343,000 after buying an additional 3,800 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. acquired a new position in shares of First Financial Corp. during the second quarter worth $388,000. Hedge funds and other institutional investors own 51.98% of the company’s stock.
Shares of First Financial Corp. (NASDAQ:THFF) traded down 0.38% on Friday, hitting $39.69. The company’s stock had a trading volume of 6,790 shares. First Financial Corp. has a 52 week low of $31.15 and a 52 week high of $41.98. The company has a market cap of $483.62 million, a price-to-earnings ratio of 13.36 and a beta of 0.97. The stock’s 50 day moving average is $40.57 and its 200-day moving average is $37.53.
First Financial Corp. (NASDAQ:THFF) last announced its earnings results on Monday, July 25th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ 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%. On average, equities research analysts anticipate that First Financial Corp. will post $3.08 earnings per share for the current year.
A number of brokerages have weighed in on THFF. Zacks Investment Research raised First Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, July 30th. Keefe, Bruyette & Woods increased their price target 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 related news, Director William J. Voges sold 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $40.25, for a total transaction of $845,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.86% of the company’s stock.
First Financial Corp. Company Profile
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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