Zacks: Analysts Expect First Financial Corp (THFF) to Post $0.70 EPS
Wall Street analysts expect First Financial Corp (NASDAQ:THFF) to post earnings per share of $0.70 for the current quarter, according to Zacks. Two analysts have issued estimates for First Financial’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.69. First Financial posted earnings of $0.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The firm is expected to announce its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that First Financial will report full-year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.87. For the next financial year, analysts expect that the company will post earnings of $3.04 per share, with EPS estimates ranging from $2.85 to $3.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow First Financial.
First Financial (NASDAQ:THFF) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $35.65 million during the quarter, compared to the consensus estimate of $35.71 million. First Financial had a return on equity of 8.11% and a net margin of 23.48%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded First Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub downgraded First Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine upgraded First Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of First Financial in a report on Friday, December 22nd.
A number of institutional investors have recently made changes to their positions in THFF. SG Americas Securities LLC bought a new stake in First Financial during the second quarter worth $102,000. OxFORD Asset Management LLP bought a new stake in First Financial during the second quarter worth $224,000. Context BH Capital Management LP grew its holdings in First Financial by 15.1% during the second quarter. Context BH Capital Management LP now owns 5,326 shares of the bank’s stock worth $252,000 after buying an additional 700 shares in the last quarter. Schroder Investment Management Group grew its holdings in First Financial by 19.7% during the second quarter. Schroder Investment Management Group now owns 5,437 shares of the bank’s stock worth $261,000 after buying an additional 896 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in First Financial by 1.4% during the second quarter. Wells Fargo & Company MN now owns 7,453 shares of the bank’s stock worth $353,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 53.74% of the company’s stock.
First Financial (NASDAQ:THFF) traded down $0.60 during midday trading on Friday, hitting $44.95. The stock had a trading volume of 11,438 shares, compared to its average volume of 20,300. The company has a market capitalization of $556.79, a P/E ratio of 15.77 and a beta of 0.85. First Financial has a 52-week low of $39.55 and a 52-week high of $52.35.
The business also recently declared a semiannual dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 8th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 5th. This represents a yield of 2.14%. This is an increase from First Financial’s previous semiannual dividend of $0.50. First Financial’s dividend payout ratio is 35.09%.
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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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