First Financial Corp (NASDAQ:THFF) declared a semi-annual dividend on Friday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.52 per share by the bank on Wednesday, July 1st. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, June 12th.
First Financial has increased its dividend payment by an average of 1.3% annually over the last three years and has increased its dividend every year for the last 33 years. First Financial has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Financial to earn $2.13 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 48.8%.
First Financial stock opened at $33.37 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.05. First Financial has a 52-week low of $27.62 and a 52-week high of $46.93. The firm has a market cap of $455.32 million, a PE ratio of 8.53 and a beta of 0.89. The company’s 50 day moving average is $32.72 and its two-hundred day moving average is $39.92.
In other First Financial news, Director Gregory L. Gibson bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $235,650.00. Insiders have bought a total of 8,150 shares of company stock worth $258,950 in the last three months. Corporate insiders own 2.85% of the company’s stock.
A number of equities research analysts have issued reports on the company. BidaskClub raised First Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. TheStreet downgraded shares of First Financial from a “b” rating to a “c+” rating in a research note on Tuesday, March 3rd. ValuEngine downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, April 7th. Finally, Zacks Investment Research reaffirmed a “sell” rating on shares of First Financial in a research report on Saturday, May 2nd.
About First Financial
First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company 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.
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