First Financial Corp (NASDAQ:THFF) – Equities researchers at FIG Partners boosted their FY2018 earnings per share (EPS) estimates for First Financial in a research report issued on Wednesday, October 31st. FIG Partners analyst B. Martin now expects that the bank will post earnings of $3.80 per share for the year, up from their previous forecast of $3.76. FIG Partners also issued estimates for First Financial’s Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.79 EPS and FY2020 earnings at $3.68 EPS.
First Financial (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $37.60 million. First Financial had a return on equity of 10.68% and a net margin of 23.65%.
THFF has been the topic of a number of other reports. Zacks Investment Research raised First Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday. BidaskClub downgraded First Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Finally, ValuEngine downgraded First Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.
Shares of THFF stock opened at $46.21 on Friday. The firm has a market cap of $571.09 million, a PE ratio of 15.93 and a beta of 0.93. First Financial has a 12-month low of $40.75 and a 12-month high of $53.05.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in shares of First Financial during the third quarter valued at $1,747,000. First Trust Advisors LP grew its holdings in shares of First Financial by 80.8% during the third quarter. First Trust Advisors LP now owns 54,410 shares of the bank’s stock valued at $2,731,000 after buying an additional 24,310 shares during the last quarter. Northern Trust Corp grew its holdings in shares of First Financial by 3.3% during the second quarter. Northern Trust Corp now owns 412,297 shares of the bank’s stock valued at $18,698,000 after buying an additional 13,001 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of First Financial by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 78,895 shares of the bank’s stock valued at $3,578,000 after buying an additional 3,270 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of First Financial by 52.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,081 shares of the bank’s stock valued at $230,000 after buying an additional 1,755 shares during the last quarter. 54.19% of the stock is currently owned by hedge funds and other institutional investors.
About First Financial
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.
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