Prudential Financial Inc. raised its stake in shares of First Financial Corp. (NASDAQ:THFF) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,289 shares of the company’s stock after buying an additional 8,000 shares during the period. Prudential Financial Inc. owned about 0.88% of First Financial Corp. worth $3,929,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in First Financial Corp. during the second quarter valued at about $1,062,000. Swiss National Bank raised its position in First Financial Corp. by 11.1% in the second quarter. Swiss National Bank now owns 16,026 shares of the company’s stock worth $587,000 after buying an additional 1,600 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Wedge Capital Management L L P NC purchased a new position in First Financial Corp. during the second quarter worth $1,073,000. Finally, Smith Asset Management Group LP raised its position in 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. 51.99% of the stock is owned by institutional investors and hedge funds.
First Financial Corp. (NASDAQ:THFF) opened at 39.95 on Tuesday. The firm has a market cap of $486.79 million, a price-to-earnings ratio of 13.45 and a beta of 0.97. First Financial Corp. has a 52-week low of $31.15 and a 52-week high of $41.98. The firm’s 50-day moving average is $40.51 and its 200-day moving average is $37.66.
First Financial Corp. (NASDAQ:THFF) last issued its earnings results on Monday, July 25th. The company reported $0.68 EPS for the quarter, beating 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 forecast that First Financial Corp. will post $3.08 EPS for the current fiscal year.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of First Financial Corp. from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Saturday, July 30th. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corp. from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th.
In other news, Director William J. Voges sold 21,000 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $40.25, for a total transaction of $845,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.