Susan M. Jensen, a director at First Financial (NYSE:SSB) Corp (NASDAQ:THFF), recently acquired 34 shares of the company's stock. The shares were purchased at an average price of $49.755 each, amounting to a total transaction value of $1,691. The $585 million market cap company has shown strong momentum, with its stock up nearly 40% over the past six months and currently trading near its 52-week high of $51.87. Following this acquisition, Jensen's total holdings in the company now stand at 1,887 shares. This transaction was recorded on December 5, 2024, and disclosed in a recent SEC filing. Trading at 13.5 times earnings and offering a 3.64% dividend yield, InvestingPro analysis suggests the stock is slightly undervalued. InvestingPro subscribers have access to 8 additional key insights about First Financial Corp's financial health and growth prospects.
In other recent news, First Financial Corporation has announced a 45-cent dividend for shareholders of record as of October 1, 2024, emphasizing its commitment to returning value to its investors. This development coincides with the renewal of President and CEO Norman D. Lowery's employment agreement and the appointment of Stephen P. Panagouleas as the new Senior Vice President and Chief Credit Officer. In a significant strategic move, First Financial Corporation has also completed its acquisition of SimplyBank, a cash transaction valued at approximately $73.4 million, further expanding its regional footprint. However, it's worth mentioning that the company experienced a cut in share target by analysts from Keefe, Bruyette & Woods due to an earnings miss. These are among the recent developments impacting the company, underlining the importance of regular monitoring and due diligence for investors.
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