First Financial Corp Announces Semi-annual Dividend of $0.52 (NASDAQ:THFF)

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.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.25. The business had revenue of $45.45 million for the quarter, compared to analyst estimates of $46.50 million. First Financial had a return on equity of 9.45% and a net margin of 25.97%. On average, equities research analysts anticipate that First Financial will post 2.72 earnings per share for the current fiscal year.

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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Dividend History for First Financial (NASDAQ:THFF)

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