Short Interest in First Financial Corp (NASDAQ:THFF) Expands By 17.2%

First Financial Corp (NASDAQ:THFF) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 391,600 shares, a growth of 17.2% from the June 30th total of 334,100 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is presently 12.0 days.

Several equities research analysts recently commented on THFF shares. BidaskClub cut First Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Zacks Investment Research reaffirmed a “sell” rating on shares of First Financial in a research report on Saturday, June 29th.

THFF stock traded down $0.84 during trading on Wednesday, reaching $40.98. The stock had a trading volume of 42,029 shares, compared to its average volume of 38,305. First Financial has a 52 week low of $37.41 and a 52 week high of $52.80. The firm’s 50 day moving average is $40.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $503.64 million, a price-to-earnings ratio of 10.78 and a beta of 0.92.

First Financial (NASDAQ:THFF) last posted its earnings results on Tuesday, July 23rd. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.18. First Financial had a return on equity of 10.04% and a net margin of 27.15%. The company had revenue of $39.50 million for the quarter, compared to the consensus estimate of $38.10 million. Research analysts predict that First Financial will post 3.67 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in First Financial by 72.4% in the second quarter. Meeder Asset Management Inc. now owns 731 shares of the bank’s stock valued at $29,000 after acquiring an additional 307 shares during the period. Bank of Montreal Can lifted its holdings in First Financial by 53.8% in the second quarter. Bank of Montreal Can now owns 2,369 shares of the bank’s stock valued at $96,000 after acquiring an additional 829 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in First Financial by 326.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock valued at $105,000 after acquiring an additional 1,905 shares during the period. SG Americas Securities LLC bought a new position in First Financial in the first quarter valued at about $111,000. Finally, Public Employees Retirement System of Ohio bought a new position in First Financial in the fourth quarter valued at about $110,000. 56.70% of the stock is currently owned by institutional investors.

About First Financial

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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