First Financial Co. (NASDAQ:THFF – Get Free Report) declared a quarterly dividend on Monday, June 24th, Zacks reports. Stockholders of record on Monday, July 1st will be given a dividend of 0.45 per share by the bank on Monday, July 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, July 1st.
First Financial has raised its dividend payment by an average of 13.7% per year over the last three years. First Financial has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect First Financial to earn $5.12 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 35.2%.
First Financial Trading Up 1.2 %
THFF stock traded up $0.43 during mid-day trading on Wednesday, reaching $35.58. 19,274 shares of the stock traded hands, compared to its average volume of 44,748. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 0.77. First Financial has a one year low of $31.74 and a one year high of $44.91. The stock has a market capitalization of $420.20 million, a PE ratio of 7.49 and a beta of 0.50. The business has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $38.38.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $43.00 target price (down from $45.00) on shares of First Financial in a research note on Wednesday, May 1st.
Check Out Our Latest Stock Analysis on THFF
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.
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