Smith Asset Management Group LP raised its position in First Financial Corp. (NASDAQ:THFF) by 677.4% during the third quarter, Holdings Channel reports. The fund owned 72,763 shares of the company’s stock after buying an additional 63,403 shares during the period. Smith Asset Management Group LP owned about 0.60% of First Financial Corp. worth $1,351,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of THFF. Bank of Montreal Can purchased a new position in shares of First Financial Corp. during the second quarter worth approximately $154,000. BlackRock Advisors LLC raised its position in shares of First Financial Corp. by 2.1% in the second quarter. BlackRock Advisors LLC now owns 5,712 shares of the company’s stock worth $209,000 after buying an additional 118 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of First Financial Corp. during the second quarter worth approximately $269,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of First Financial Corp. during the first quarter worth approximately $256,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of First Financial Corp. by 16.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 7,857 shares of the company’s stock worth $288,000 after buying an additional 1,137 shares in the last quarter. 53.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Financial Corp. (NASDAQ:THFF) traded down 1.27% on Friday, reaching $46.50. The company’s stock had a trading volume of 5,748 shares. First Financial Corp. has a 52-week low of $31.15 and a 52-week high of $47.35. The stock has a market cap of $566.60 million, a P/E ratio of 15.57 and a beta of 0.80. The firm’s 50 day moving average is $41.62 and its 200-day moving average is $39.21.
First Financial Corp. (NASDAQ:THFF) last posted its earnings results on Tuesday, October 25th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. First Financial Corp. had a return on equity of 7.56% and a net margin of 26.04%. On average, equities research analysts forecast that First Financial Corp. will post $3.10 EPS for the current year.
A number of research analysts have commented on the company. Zacks Investment Research raised First Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Saturday, July 30th. Keefe, Bruyette & Woods upped their price objective on First Financial Corp. from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, July 28th.
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.