First Financial (NASDAQ:THFF) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of First Financial (NASDAQ:THFF) from a hold rating to a sell rating in a research note published on Friday, March 22nd, BidAskClub reports.

Several other equities analysts have also weighed in on THFF. Zacks Investment Research lowered First Financial from a buy rating to a hold rating in a research note on Tuesday, January 1st. ValuEngine raised First Financial from a sell rating to a hold rating in a research report on Wednesday, January 2nd.

First Financial stock traded down $0.53 during midday trading on Friday, reaching $42.10. 15,098 shares of the company were exchanged, compared to its average volume of 46,023. The stock has a market cap of $519.40 million, a PE ratio of 11.08 and a beta of 0.92. First Financial has a 1 year low of $37.41 and a 1 year high of $53.05.

First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Friday, February 1st. The bank reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $37.83 million during the quarter, compared to analysts’ expectations of $37.41 million. First Financial had a net margin of 28.33% and a return on equity of 10.93%. Equities research analysts predict that First Financial will post 3.74 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can increased its holdings in shares of First Financial by 1,505.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,204 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in First Financial by 268.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock worth $61,000 after buying an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in First Financial during the 4th quarter worth $110,000. Metropolitan Life Insurance Co. NY grew its stake in First Financial by 399.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,844 shares of the bank’s stock worth $154,000 after buying an additional 3,075 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in First Financial during the 4th quarter worth $261,000. 57.27% of the stock is currently owned by institutional investors.

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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