Valeo Financial Advisors LLC Sells 830 Shares of First Financial Co. (NASDAQ:THFF)

Valeo Financial Advisors LLC decreased its position in First Financial Co. (NASDAQ:THFF) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,567 shares of the bank’s stock after selling 830 shares during the quarter. Valeo Financial Advisors LLC’s holdings in First Financial were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new position in First Financial during the fourth quarter worth $64,000. Signaturefd LLC increased its position in First Financial by 10.3% during the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock worth $118,000 after acquiring an additional 256 shares during the period. Raymond James & Associates bought a new position in First Financial during the fourth quarter worth $209,000. Quadrature Capital Ltd bought a new position in First Financial during the fourth quarter worth $233,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in First Financial during the third quarter worth $244,000. Institutional investors own 72.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $43.00 target price (down previously from $45.00) on shares of First Financial in a research report on Wednesday, May 1st.

First Financial Stock Performance

THFF traded down $0.54 during trading on Wednesday, reaching $36.52. 25,816 shares of the company’s stock were exchanged, compared to its average volume of 45,822. First Financial Co. has a fifty-two week low of $31.74 and a fifty-two week high of $44.91. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $36.85 and a 200 day moving average price of $38.19. The company has a market capitalization of $431.30 million, a P/E ratio of 7.90 and a beta of 0.48.

First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, April 30th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.06). First Financial had a net margin of 20.16% and a return on equity of 11.04%. The firm had revenue of $48.35 million during the quarter, compared to analyst estimates of $49.75 million. As a group, analysts predict that First Financial Co. will post 4.49 earnings per share for the current fiscal year.

First Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.45 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.80 annualized dividend and a dividend yield of 4.93%. First Financial’s dividend payout ratio is presently 38.38%.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.