Equities research analysts expect First Financial Corp (NASDAQ:THFF) to announce $37.75 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Financial’s earnings. The lowest sales estimate is $37.50 million and the highest is $38.00 million. First Financial reported sales of $35.92 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that First Financial will report full year sales of $150.35 million for the current fiscal year, with estimates ranging from $149.70 million to $151.00 million. For the next financial year, analysts anticipate that the business will post sales of $152.55 million, with estimates ranging from $152.50 million to $152.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for First Financial.
First Financial (NASDAQ:THFF) last released its earnings results on Tuesday, October 23rd. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The firm had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $37.60 million. First Financial had a return on equity of 10.68% and a net margin of 23.65%.
Several equities analysts have recently weighed in on THFF shares. ValuEngine upgraded First Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. BidaskClub upgraded First Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded First Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, October 30th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio grew its holdings in shares of First Financial by 7.7% in the 2nd quarter. Strs Ohio now owns 18,200 shares of the bank’s stock valued at $825,000 after acquiring an additional 1,300 shares in the last quarter. Wells Fargo & Company MN grew its holdings in First Financial by 9.0% during the first quarter. Wells Fargo & Company MN now owns 16,920 shares of the bank’s stock worth $704,000 after purchasing an additional 1,400 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in First Financial by 52.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,081 shares of the bank’s stock worth $230,000 after purchasing an additional 1,755 shares during the period. Kessler Investment Group LLC bought a new position in First Financial during the second quarter worth about $102,000. Finally, Wedge Capital Management L L P NC grew its holdings in First Financial by 6.9% during the second quarter. Wedge Capital Management L L P NC now owns 37,832 shares of the bank’s stock worth $1,716,000 after purchasing an additional 2,440 shares during the period. Institutional investors own 54.64% of the company’s stock.
THFF stock traded down $0.19 during trading hours on Friday, reaching $46.21. 136 shares of the stock were exchanged, compared to its average volume of 21,788. The stock has a market cap of $568.63 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.
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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