First Financial Corp (NASDAQ:THFF) Given Average Recommendation of “Hold” by Analysts

First Financial Corp (NASDAQ:THFF) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokers have set a 12 month consensus price target of $46.00 for the company and are forecasting that the company will post $1.00 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial an industry rank of 88 out of 255 based on the ratings given to its competitors.

Several research firms have recently commented on THFF. ValuEngine upgraded First Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

Shares of First Financial stock traded up $0.15 during trading hours on Tuesday, hitting $44.40. 31,291 shares of the company’s stock traded hands, compared to its average volume of 34,545. The stock has a 50 day simple moving average of $44.05 and a 200-day simple moving average of $41.66. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market cap of $606.82 million, a PE ratio of 12.16 and a beta of 0.91. First Financial has a twelve month low of $37.41 and a twelve month high of $45.75.

First Financial (NASDAQ:THFF) last released its quarterly earnings results on Friday, October 25th. The bank reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. First Financial had a return on equity of 9.40% and a net margin of 26.28%. The business had revenue of $43.75 million for the quarter, compared to analysts’ expectations of $45.56 million. As a group, equities research analysts predict that First Financial will post 3.75 EPS for the current year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, January 7th. First Financial’s dividend payout ratio is currently 27.37%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new position in First Financial in the second quarter worth about $2,121,000. BlackRock Inc. grew its position in shares of First Financial by 2.8% in the 2nd quarter. BlackRock Inc. now owns 1,110,677 shares of the bank’s stock worth $44,605,000 after acquiring an additional 29,973 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of First Financial by 32.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 119,815 shares of the bank’s stock worth $4,812,000 after acquiring an additional 29,255 shares in the last quarter. State Street Corp grew its position in shares of First Financial by 8.7% in the 3rd quarter. State Street Corp now owns 317,444 shares of the bank’s stock worth $13,799,000 after acquiring an additional 25,322 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of First Financial by 36.6% in the 2nd quarter. Acadian Asset Management LLC now owns 56,753 shares of the bank’s stock valued at $2,280,000 after acquiring an additional 15,195 shares during the last quarter. 55.23% of the stock is 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.

Further Reading: Cost of Debt

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