First Financial (THFF) Cut to “Strong Sell” at BidaskClub

First Financial (NASDAQ:THFF) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, April 10th, BidAskClub reports.

THFF has been the topic of several other research reports. ValuEngine cut shares of First Financial from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research raised shares of First Financial from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, January 15th.

Shares of NASDAQ THFF traded up $0.58 during midday trading on Wednesday, hitting $41.76. The company’s stock had a trading volume of 15,482 shares, compared to its average volume of 43,174. First Financial has a 1 year low of $37.41 and a 1 year high of $53.05. The firm has a market cap of $513.15 million, a price-to-earnings ratio of 10.99 and a beta of 0.89.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). First Financial had a net margin of 28.30% and a return on equity of 11.00%. The business had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $36.90 million. As a group, analysts forecast that First Financial will post 3.57 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its holdings in First Financial by 1,505.0% in the fourth 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 in the last quarter. Nisa Investment Advisors LLC raised its holdings in First Financial by 268.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock valued at $61,000 after acquiring an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in First Financial by 326.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock valued at $105,000 after acquiring an additional 1,905 shares in the last quarter. SG Americas Securities LLC acquired a new stake in First Financial during the first quarter worth approximately $111,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in First Financial during the fourth quarter worth approximately $110,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

About First Financial

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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