First Financial (THFF) Raised to “Hold” at BidaskClub
First Financial (NASDAQ:THFF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered First Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of First Financial in a research note on Friday, December 22nd. Finally, ValuEngine raised First Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Shares of First Financial (NASDAQ THFF) traded up $1.85 on Thursday, reaching $47.40. The company’s stock had a trading volume of 18,560 shares, compared to its average volume of 17,895. First Financial has a 12-month low of $39.55 and a 12-month high of $52.35. The firm has a market capitalization of $579.41, a price-to-earnings ratio of 16.63 and a beta of 0.85.
First Financial (NASDAQ:THFF) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. First Financial had a return on equity of 8.11% and a net margin of 23.48%. The firm had revenue of $35.65 million for the quarter, compared to analyst estimates of $35.71 million. sell-side analysts anticipate that First Financial will post 2.87 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC acquired a new position in First Financial in the third quarter valued at approximately $1,721,000. Schwab Charles Investment Management Inc. lifted its stake in First Financial by 2.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 105,094 shares of the bank’s stock valued at $5,003,000 after buying an additional 2,751 shares during the period. Wells Fargo & Company MN lifted its stake in First Financial by 58.2% in the third quarter. Wells Fargo & Company MN now owns 11,787 shares of the bank’s stock valued at $561,000 after buying an additional 4,334 shares during the period. Citadel Advisors LLC raised its position in shares of First Financial by 54.0% during the third quarter. Citadel Advisors LLC now owns 10,477 shares of the bank’s stock worth $499,000 after purchasing an additional 3,672 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of First Financial by 20.1% during the third quarter. Russell Investments Group Ltd. now owns 30,262 shares of the bank’s stock worth $1,440,000 after purchasing an additional 5,070 shares during the period. 53.74% of the stock is currently owned by hedge funds and other institutional investors.
First Financial Company Profile
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.
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