First Financial Corp (NASDAQ:THFF) – FIG Partners raised their Q2 2019 earnings estimates for shares of First Financial in a research report issued to clients and investors on Wednesday, October 31st. FIG Partners analyst B. Martin now expects that the bank will post earnings of $0.90 per share for the quarter, up from their previous forecast of $0.87. FIG Partners also issued estimates for First Financial’s Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.93 EPS and FY2019 earnings at $3.55 EPS.
First Financial (NASDAQ:THFF) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $37.60 million. First Financial had a net margin of 23.65% and a return on equity of 10.68%.
THFF has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of First Financial from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, October 30th. BidaskClub lowered shares of First Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Finally, ValuEngine lowered shares of First Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.
Shares of THFF opened at $46.39 on Monday. The stock has a market capitalization of $568.63 million, a P/E ratio of 16.00 and a beta of 0.93. First Financial has a 52-week low of $40.75 and a 52-week high of $53.05.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kessler Investment Group LLC acquired a new stake in First Financial in the 2nd quarter valued at about $102,000. First Trust Advisors LP lifted its holdings in First Financial by 19.8% in the 2nd quarter. First Trust Advisors LP now owns 30,100 shares of the bank’s stock valued at $1,365,000 after acquiring an additional 4,983 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in First Financial in the 2nd quarter valued at about $1,772,000. Swiss National Bank lifted its holdings in First Financial by 22.9% in the 2nd quarter. Swiss National Bank now owns 18,226 shares of the bank’s stock valued at $827,000 after acquiring an additional 3,400 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in First Financial by 6.4% in the 2nd quarter. LSV Asset Management now owns 147,053 shares of the bank’s stock valued at $6,668,000 after acquiring an additional 8,900 shares during the last quarter. Hedge funds and other institutional investors own 54.64% of the company’s stock.
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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