Donaldson Capital Management LLC Cuts Holdings in First Financial Co. (NASDAQ:THFF)

Donaldson Capital Management LLC reduced its position in First Financial Co. (NASDAQ:THFF) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,180 shares of the bank’s stock after selling 3,220 shares during the period. Donaldson Capital Management LLC owned 0.11% of First Financial worth $505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of First Financial during the 4th quarter worth approximately $64,000. Signaturefd LLC increased its position in First Financial by 10.3% in the fourth quarter. Signaturefd LLC now owns 2,731 shares of the bank’s stock worth $118,000 after purchasing an additional 256 shares during the last quarter. SG Americas Securities LLC purchased a new stake in First Financial during the third quarter valued at $151,000. Raymond James & Associates bought a new position in First Financial during the fourth quarter valued at $209,000. Finally, Quadrature Capital Ltd purchased a new position in shares of First Financial in the 4th quarter worth $233,000. 72.74% of the stock is owned by institutional investors.

First Financial Price Performance

Shares of NASDAQ THFF traded down $0.08 during mid-day trading on Friday, hitting $36.86. 17,041 shares of the company’s stock traded hands, compared to its average volume of 37,886. The company has a market capitalization of $435.32 million, a P/E ratio of 7.24 and a beta of 0.51. First Financial Co. has a 1 year low of $31.00 and a 1 year high of $44.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.78 and a quick ratio of 0.78. The company’s 50-day moving average is $37.01 and its two-hundred day moving average is $38.06.

First Financial (NASDAQ:THFF) last announced its earnings results on Tuesday, January 30th. The bank reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). First Financial had a return on equity of 12.13% and a net margin of 22.38%. The company had revenue of $50.84 million during the quarter, compared to analysts’ expectations of $51.10 million. On average, equities analysts anticipate that First Financial Co. will post 4.1 EPS for the current fiscal year.

First Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, March 28th. First Financial’s dividend payout ratio is currently 35.36%.

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.