Zacks Investment Research upgraded shares of First Financial (NASDAQ:THFF) from a hold rating to a buy rating in a report issued on Tuesday morning. The brokerage currently has $53.00 target price on the bank’s stock.
According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “
A number of other brokerages have also recently issued reports on THFF. ValuEngine upgraded shares of First Financial from a hold rating to a buy rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods restated a hold rating and issued a $49.00 price objective on shares of First Financial in a research note on Tuesday, October 24th. Finally, BidaskClub cut shares of First Financial from a hold rating to a sell rating in a research note on Tuesday, December 12th.
First Financial (NASDAQ:THFF) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. First Financial had a net margin of 23.48% and a return on equity of 8.11%. The company had revenue of $35.65 million during the quarter, compared to analysts’ expectations of $35.71 million. equities analysts anticipate that First Financial will post 2.87 EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 8th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 5th. This represents a dividend yield of 2.14%. This is a boost from First Financial’s previous semiannual dividend of $0.50. First Financial’s dividend payout ratio (DPR) is 35.09%.
Several institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC acquired a new stake in shares of First Financial during the 3rd quarter worth about $1,721,000. Schwab Charles Investment Management Inc. increased its position in shares of First Financial by 2.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 105,094 shares of the bank’s stock worth $5,003,000 after purchasing an additional 2,751 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of First Financial by 58.2% during the 3rd quarter. Wells Fargo & Company MN now owns 11,787 shares of the bank’s stock worth $561,000 after purchasing an additional 4,334 shares in the last quarter. Citadel Advisors LLC increased its position in shares of First Financial by 54.0% during the 3rd quarter. Citadel Advisors LLC now owns 10,477 shares of the bank’s stock worth $499,000 after purchasing an additional 3,672 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in First Financial by 20.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 30,262 shares of the bank’s stock valued at $1,440,000 after acquiring an additional 5,070 shares in the last quarter. Institutional investors and hedge funds own 53.74% of the company’s stock.
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.
Receive News & Ratings for First Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial and related companies with MarketBeat.com's FREE daily email newsletter.