First Financial Co. (NASDAQ:THFF) is a bank whose shares have gained the interest of Russell Investments Group Ltd. The wealth management firm recently enhanced its position in the bank by a whopping 155.2%, according to recent filings with the Securities and Exchange Commission (SEC). This surge in investment means that Russell Investments Group Ltd. now owns over twenty thousand shares of First Financial Co, corresponding to approximately 0.17% of the latter’s value at $948,000.
This increased stake from such an esteemed financial company amounts to nothing short of a ringing endorsement for First Financial Co. It is unsurprising, therefore, that StockNews.com has initiated coverage on Nasdaq: THFF with a “hold” rating following this announcement.
Despite news of rising investment in the company, shares opened rather flat on Friday at $33.97, with a market capitalization of $410.02 million and PE ratio clocking in at 6.21 and beta sitting low at 0.54 respectively. Furthermore, a one-year high/low range spanning between $31 – $49.90 only furthers investor apprehension about potential gains in such volatile times.
It’s not all bad news for First Financial Company though – its recent SEC filings indicate that they have been enhancing shareholder value while reducing overall debt-to-equity ratios and keeping efficient liquidity ratios above financial regulation minimums for effective business operations.
The future is uncertain for many companies during these challenging economic times, where predictions are hard to make either way given fluctuating markets around the world as well as geopolitical turmoil like trade wars causing global uncertainty for traders being cautious on both short-term trades as well as long term ones However, once investors get past near-term worries they’ll see FFCO’s valuation looks incredibly cheap based on forward earnings estimates which forward results could return immense gains as well show profitable returns on investment decisions taken by astute investors patient enough to see these investments through.
Institutions and Hedge Funds Show Elevated Interest in First Financial: Insights from SEC Reports and Insider Trading Activity
As the latest reports from the Securities & Exchange Commission show, a variety of institutions and hedge funds have recently bought and sold shares in First Financial. Nisa Investment Advisors LLC alone boosted its position in the company by 23.1% in Q4 2020, acquiring an additional 300 shares for a total of $74,000. Signaturefd LLC increased its position by nearly 100%, buying 873 more bank stock shares worth $81,000. Tower Research Capital also got into the game, acquiring an extra 1,356 shares valued at $107,000 over the same period. And with US Bancorp DE increasing its holdings by over two hundred percent in Q3 last year – adding a further 1,620 shares (worth $104,000) to its portfolio – now over three-quarters (73.38%) of the publicly traded banking giant’s stock is owned primarily by institutions and hedge fund participants.
Recent key figures also suggest that some insiders have bought shares as well: Director Tina Jane Maher purchased a total of 1,500 shares on May 12th at just over $32 apiece – totaling nearly $50,000 – while fellow Director William Curtis Brighton added another thousand dollar-denominated stocks to his wealth on May 5th at just north of thirty-four dollars per share; both individual investors increased their direct holding stake relative to First Financial too.
Furthermore, looking beyond these insider trades’ details or metrics reveals that First Financial recently declared its semi-annual dividend that will be paid out on July 3rd: investors who were recorded on June 16th will receive payouts equivalent to fifty-four cents per share. The yield stood strong at around three-point-two percent as of this announcement date considering that FF’s existing dividend payout ratio already sits comfortably above nineteen percent.
All things considered, it seems certain that First Financial has been attracting considerable institutional investor interest lately as reflected through various share-trading moves, which may be indicative of this stock’s future performance in the markets.
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