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

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

Brokers have set a twelve-month consensus price objective of $46.00 for the company and are predicting that the company will post $0.91 EPS for the current quarter, according to Zacks. Zacks has also assigned First Financial an industry rank of 162 out of 256 based on the ratings given to its competitors.

Several equities research analysts have recently commented on THFF shares. BidaskClub upgraded First Financial from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research restated a “sell” rating on shares of First Financial in a research note on Saturday, June 29th.

Shares of First Financial stock traded up $0.49 during trading hours on Wednesday, hitting $44.52. 59,552 shares of the company were exchanged, compared to its average volume of 37,339. First Financial has a 1 year low of $37.41 and a 1 year high of $52.52. The business has a 50-day moving average of $41.53 and a 200-day moving average of $41.05. The stock has a market capitalization of $547.15 million, a price-to-earnings ratio of 11.72 and a beta of 0.93.

First Financial (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.18. First Financial had a return on equity of 9.85% and a net margin of 27.15%. The business had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $38.10 million. On average, research analysts predict that First Financial will post 3.67 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. OLD National Bancorp IN raised its position in First Financial by 16.1% in the second quarter. OLD National Bancorp IN now owns 76,561 shares of the bank’s stock worth $3,074,000 after acquiring an additional 10,632 shares in the last quarter. LSV Asset Management raised its position in First Financial by 0.5% in the second quarter. LSV Asset Management now owns 147,798 shares of the bank’s stock worth $5,935,000 after acquiring an additional 700 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in First Financial in the second quarter worth $475,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Financial in the second quarter worth $201,000. Finally, Systematic Financial Management LP raised its position in First Financial by 33.3% in the first quarter. Systematic Financial Management LP now owns 23,285 shares of the bank’s stock worth $978,000 after acquiring an additional 5,820 shares in the last quarter. Hedge funds and other institutional investors own 57.42% of the company’s stock.

First Financial Company Profile

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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