The Emerald Acquisition Ltd. Acquires New Position in First Financial Corp. (THFF)

The Emerald Acquisition Ltd. Acquires New Position in First Financial Corp. (THFF)

Emerald Acquisition Ltd. acquired a new stake in shares of First Financial Corp. (NASDAQ:THFF) during the second quarter, Holdings Channel reports. The firm acquired 28,992 shares of the company’s stock, valued at approximately $1,062,000. Emerald Acquisition Ltd. owned approximately 0.24% of First Financial Corp. at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swiss National Bank raised its stake in shares of First Financial Corp. by 11.1% in the second quarter. Swiss National Bank now owns 16,026 shares of the company’s stock valued at $587,000 after buying an additional 1,600 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Financial Corp. by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 71,941 shares of the company’s stock worth $2,635,000 after buying an additional 2,411 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of First Financial Corp. during the second quarter worth about $1,073,000. 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 during the period. Finally, Bank of Montreal Can purchased a new position in shares of First Financial Corp. during the second quarter worth about $154,000. Hedge funds and other institutional investors own 51.98% of the company’s stock.

Shares of First Financial Corp. (NASDAQ:THFF) traded down 0.89% during trading on Friday, reaching $40.29. The company had a trading volume of 22,687 shares. The firm has a market capitalization of $490.93 million, a PE ratio of 13.56 and a beta of 0.97. First Financial Corp. has a 1-year low of $31.15 and a 1-year high of $41.98. The firm has a 50-day moving average of $40.58 and a 200 day moving average of $37.37.

First Financial Corp. (NASDAQ:THFF) last posted its quarterly 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 net margin of 25.81% and a return on equity of 7.68%. Analysts expect that First Financial Corp. will post $3.08 earnings per share for the current year.

THFF has been the subject of a number of research analyst reports. Zacks Investment Research upgraded First Financial Corp. from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, June 30th. Keefe, Bruyette & Woods raised 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 First Financial Corp. news, Director William J. Voges sold 21,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. 3.86% of the stock is currently 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.

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