Zacks: First Financial Corp (THFF) Receives Average Rating of “Hold” from Brokerages

Shares of First Financial Corp (NASDAQ:THFF) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price objective of $48.00 for the company and are expecting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Financial an industry rank of 114 out of 265 based on the ratings given to related companies.

A number of research firms recently weighed in on THFF. Keefe, Bruyette & Woods restated a “hold” rating and issued a $49.00 price target on shares of First Financial in a research note on Tuesday, October 24th. ValuEngine downgraded First Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. BidaskClub downgraded First Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded First Financial from a “hold” rating to a “sell” rating in a report on Friday, October 27th.

First Financial (NASDAQ:THFF) traded down $0.75 during midday trading on Friday, reaching $46.40. 8,919 shares of the company’s stock were exchanged, compared to its average volume of 19,966. The firm has a market capitalization of $576.35, a PE ratio of 16.28 and a beta of 0.85. First Financial has a 1 year low of $39.55 and a 1 year high of $53.49.

First Financial (NASDAQ:THFF) last posted its earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.72. First Financial had a net margin of 23.48% and a return on equity of 8.11%. The firm had revenue of $35.65 million during the quarter, compared to analysts’ expectations of $35.71 million. equities research analysts anticipate that First Financial will post 2.87 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 8th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, January 5th. This represents a yield of 2.14%. This is an increase from First Financial’s previous semiannual dividend of $0.50. First Financial’s dividend payout ratio is 35.09%.

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of First Financial in the second quarter worth about $102,000. Bank of America Corp DE increased its holdings in shares of First Financial by 7.3% during the 1st quarter. Bank of America Corp DE now owns 3,194 shares of the bank’s stock worth $152,000 after buying an additional 216 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of First Financial during the 2nd quarter worth approximately $224,000. Context BH Capital Management LP increased its holdings in shares of First Financial by 15.1% during the 2nd quarter. Context BH Capital Management LP now owns 5,326 shares of the bank’s stock worth $252,000 after buying an additional 700 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of First Financial by 19.7% during the 2nd quarter. Schroder Investment Management Group now owns 5,437 shares of the bank’s stock worth $261,000 after buying an additional 896 shares during the last quarter. 53.74% of the stock is currently owned by institutional investors and hedge funds.

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First Financial Company Profile

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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