First Financial (THFF) Lowered to Buy at BidaskClub

First Financial (NASDAQ:THFF) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, October 19th.

Several other research analysts have also commented on the company. ValuEngine raised First Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Zacks Investment Research raised First Financial from a “sell” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday, June 28th.

Shares of THFF stock traded down $0.51 during mid-day trading on Friday, hitting $47.26. The stock had a trading volume of 8,438 shares, compared to its average volume of 20,183. First Financial has a 12-month low of $40.75 and a 12-month high of $53.05. The stock has a market capitalization of $581.26 million, a price-to-earnings ratio of 16.30 and a beta of 0.93.

First Financial (NASDAQ:THFF) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.03. First Financial had a return on equity of 10.68% and a net margin of 23.65%. The business had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $37.60 million. Analysts forecast that First Financial will post 3.8 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kessler Investment Group LLC acquired a new position in First Financial during the 2nd quarter valued at about $102,000. FineMark National Bank & Trust acquired a new position in First Financial during the 3rd quarter valued at about $201,000. Metropolitan Life Insurance Co. NY increased its position in First Financial by 52.8% during the 2nd 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 in the last quarter. Legal & General Group Plc increased its position in First Financial by 149.8% during the 1st quarter. Legal & General Group Plc now owns 6,804 shares of the bank’s stock valued at $283,000 after buying an additional 4,080 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in First Financial by 150.7% during the 2nd quarter. Citadel Advisors LLC now owns 13,643 shares of the bank’s stock valued at $619,000 after buying an additional 8,201 shares in the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

First Financial Company Profile

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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