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In a recent transaction filed with the SEC, James O. McDonald, a director at First Financial (NYSE:SSB) Corp (NASDAQ:THFF), a $572 million market cap regional bank trading at 12.1x earnings, acquired 1,000 shares of the company’s stock. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate. The purchase, which took place on March 11, 2025, was executed at a price of $48.99 per share, amounting to a total transaction value of $48,990. This acquisition brings McDonald’s (NYSE:MCD) total direct ownership to 9,462 shares following the transaction. The company has maintained dividend payments for 43 consecutive years, with a current yield of 4.2%. InvestingPro data reveals three analysts have recently revised their earnings expectations upward, suggesting positive momentum. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In other recent news, First Financial Corp . has announced an increase in its quarterly dividend to $0.51 per share, a 13% rise from the previous quarter. This adjustment is part of the company’s strategy to enhance shareholder returns, following its shift from a semi-annual to a quarterly dividend schedule. Keefe, Bruyette & Woods has maintained its Market Perform rating on First Financial, with a steady price target of $52.00, acknowledging the potential positive impact of the dividend increase on shareholder value. Meanwhile, Raymond (NSE:RYMD) James has upgraded First Financial from Market Perform to Outperform, setting a new price target of $54.00. The firm highlighted the stock’s significant discounts on valuation ratios, which it considers unwarranted given the company’s performance. First Financial’s balance sheet is positioned favorably in a declining interest rate environment, with regulatory filings indicating a potential 5.9% rise in net interest income. The bank has also completed three acquisitions in the past five years, expanding into faster-growing urban areas in the Southeast. Additionally, First Financial continues its capital management efforts with a 10% share repurchase authorization announced in 2022, with approximately 520,000 shares remaining to be repurchased.
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