StockNews.com Initiates Coverage on First Financial (NASDAQ:THFF)

StockNews.com started coverage on shares of First Financial (NASDAQ:THFF – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the bank’s stock.

First Financial Stock Performance

Shares of THFF stock opened at $38.53 on Thursday. The company has a 50 day moving average price of $43.79 and a 200-day moving average price of $45.84. First Financial has a 52 week low of $37.37 and a 52 week high of $49.90. The firm has a market capitalization of $465.06 million, a PE ratio of 6.63 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.02.

Insider Transactions at First Financial

In related news, Director Paul Joseph Pierson II purchased 1,500 shares of First Financial stock in a transaction dated Friday, March 10th. The stock was purchased at an average cost of $40.18 per share, for a total transaction of $60,270.00. Following the completion of the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $301,350. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.41% of the company’s stock.

Hedge Funds Weigh In On First Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Summit Global Investments boosted its holdings in shares of First Financial by 1.6% in the fourth quarter. Summit Global Investments now owns 19,400 shares of the bank’s stock worth $894,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of First Financial by 23.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,600 shares of the bank’s stock worth $74,000 after buying an additional 300 shares during the last quarter. Credit Suisse AG boosted its holdings in shares of First Financial by 4.9% in the third quarter. Credit Suisse AG now owns 7,896 shares of the bank’s stock worth $357,000 after buying an additional 366 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of First Financial by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,917 shares of the bank’s stock worth $687,000 after buying an additional 462 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of First Financial by 10.8% in the second quarter. Legal & General Group Plc now owns 4,957 shares of the bank’s stock worth $221,000 after buying an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 73.38% of the company’s stock.

First Financial Company Profile

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First Financial Corp. operates as a bank holding company, which through its subsidiary First Financial Bank engages in the provision of financial services. It offers commercial, mortgage and consumer lending, lease financing, trust account services, depositor services, and insurance services. The company was founded in 1984 and is headquartered in Terre Haute, IN.