First Financial Corp (THFF) Declares Dividend Increase – $0.52 Per Share

First Financial Corp (NASDAQ:THFF) announced a semiannual dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Monday, June 17th will be paid a dividend of 0.52 per share by the bank on Tuesday, July 2nd. The ex-dividend date is Friday, June 14th. This is an increase from First Financial’s previous semiannual dividend of $0.51.

First Financial has raised its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend every year for the last 32 years. First Financial has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Financial to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 25.6%.

THFF opened at $37.84 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. First Financial has a 1-year low of $37.41 and a 1-year high of $53.05. The company has a market capitalization of $478.33 million, a price-to-earnings ratio of 9.96 and a beta of 0.89.

First Financial (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). First Financial had a return on equity of 10.80% and a net margin of 28.30%. The business had revenue of $37.06 million during the quarter, compared to the consensus estimate of $36.90 million. On average, equities analysts anticipate that First Financial will post 3.57 EPS for the current year.

Several research firms have weighed in on THFF. Zacks Investment Research downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. BidaskClub downgraded shares of First Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 10th. Finally, ValuEngine downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

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First Financial Company Profile

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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