Brandywine Global Investment Management LLC Has $671,000 Stake in First Financial Co. (NASDAQ:THFF)

Posted by Defense World Staff on May 28th, 2023

Brandywine Global Investment Management LLC decreased its holdings in First Financial Co. (NASDAQ:THFF – Get Rating) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,569 shares of the bank’s stock after selling 295 shares during the quarter. Brandywine Global Investment Management LLC owned 0.12% of First Financial worth $671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in First Financial by 23.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,600 shares of the bank’s stock worth $74,000 after purchasing an additional 300 shares in the last quarter. Signaturefd LLC raised its position in shares of First Financial by 98.5% in the 4th quarter. Signaturefd LLC now owns 1,759 shares of the bank’s stock valued at $81,000 after buying an additional 873 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of First Financial in the 1st quarter valued at approximately $96,000. US Bancorp DE raised its position in shares of First Financial by 234.4% in the 3rd quarter. US Bancorp DE now owns 2,311 shares of the bank’s stock valued at $104,000 after buying an additional 1,620 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of First Financial by 135.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,359 shares of the bank’s stock valued at $107,000 after buying an additional 1,356 shares in the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

Insider Activity at First Financial

In related news, Director Paul Joseph Pierson II purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average cost of $40.18 per share, with a total value of $60,270.00. Following the acquisition, the director now owns 7,500 shares of the company’s stock, valued at approximately $301,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other First Financial news, Director William Curtis Brighton bought 1,000 shares of First Financial stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of $34.10 per share, with a total value of $34,100.00. Following the acquisition, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $716,100. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Joseph Pierson II bought 1,500 shares of First Financial stock in a transaction on Friday, March 10th. The shares were acquired at an average cost of $40.18 per share, for a total transaction of $60,270.00. Following the completion of the acquisition, the director now directly owns 7,500 shares in the company, valued at $301,350. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 4,560 shares of company stock valued at $161,141. 3.69% of the stock is owned by insiders.

First Financial Trading Up 0.2 %

Shares of First Financial stock opened at $34.03 on Friday. The firm has a market capitalization of $410.74 million, a PE ratio of 6.22 and a beta of 0.54. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $34.95 and its 200 day moving average is $41.67. First Financial Co. has a 1 year low of $31.00 and a 1 year high of $49.90.

First Financial Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 16th will be issued a dividend of $0.54 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Thursday, June 15th. First Financial’s dividend payout ratio (DPR) is presently 19.74%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of First Financial in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

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.