First Financial (NASDAQ:THFF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.
According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “
A number of other research firms also recently issued reports on THFF. BidaskClub raised shares of First Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. ValuEngine downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.
Shares of THFF stock opened at $38.88 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. First Financial has a 12 month low of $37.41 and a 12 month high of $53.05. The stock has a market cap of $477.84 million, a price-to-earnings ratio of 10.23 and a beta of 0.92.
First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). First Financial had a return on equity of 10.80% and a net margin of 28.30%. The firm had revenue of $37.06 million for the quarter, compared to analysts’ expectations of $36.90 million. On average, research analysts anticipate that First Financial will post 3.57 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of First Financial in the 4th quarter valued at approximately $261,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Financial by 8.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,722 shares of the bank’s stock valued at $270,000 after acquiring an additional 500 shares during the period. New York State Common Retirement Fund raised its stake in shares of First Financial by 5.5% in the 4th quarter. New York State Common Retirement Fund now owns 14,348 shares of the bank’s stock valued at $576,000 after acquiring an additional 748 shares during the period. Rhumbline Advisers raised its stake in shares of First Financial by 37.2% in the 4th quarter. Rhumbline Advisers now owns 19,202 shares of the bank’s stock valued at $771,000 after acquiring an additional 5,203 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of First Financial by 3.4% in the fourth quarter. BlackRock Inc. now owns 925,511 shares of the bank’s stock valued at $37,160,000 after purchasing an additional 30,115 shares in the last quarter. 56.89% of the stock is currently owned by institutional investors and hedge funds.
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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