First Financial (THFF) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of First Financial (NASDAQ:THFF) from a hold rating to a buy rating in a research note released on Friday, December 1st.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded First Financial from a hold rating to a sell rating in a report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $49.00 price target on shares of First Financial in a report on Tuesday, October 24th.

Shares of First Financial (NASDAQ:THFF) traded down $0.70 during trading hours on Friday, hitting $46.20. The stock had a trading volume of 11,300 shares, compared to its average volume of 23,861. The stock has a market cap of $564.74, a price-to-earnings ratio of 16.21 and a beta of 0.85. First Financial has a fifty-two week low of $39.55 and a fifty-two week high of $53.49.

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

The company also recently disclosed a semiannual dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, January 8th will be given a $0.51 dividend. This is a boost from First Financial’s previous semiannual dividend of $0.50. This represents a yield of 2.14%. The ex-dividend date of this dividend is Friday, January 5th. First Financial’s dividend payout ratio is presently 35.09%.

Several hedge funds have recently modified their holdings of THFF. SG Americas Securities LLC bought a new position in shares of First Financial during the second quarter worth about $102,000. Bank of America Corp DE lifted its position in shares of First Financial by 7.3% during the first quarter. Bank of America Corp DE now owns 3,194 shares of the bank’s stock worth $152,000 after purchasing an additional 216 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of First Financial during the second quarter worth about $224,000. Context BH Capital Management LP lifted its position in shares of First Financial by 15.1% during the second quarter. Context BH Capital Management LP now owns 5,326 shares of the bank’s stock worth $252,000 after purchasing an additional 700 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of First Financial by 19.7% during the second quarter. Schroder Investment Management Group now owns 5,437 shares of the bank’s stock worth $261,000 after purchasing 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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