First Financial (NASDAQ:THFF – Get a rating) has been updated by the investment analysts of StockNews.com from a “hold” rating to a “buy” rating in a research note released on Monday.
Separately, Raymond James upgraded First Financial shares from a “market perform” rating to an “outperform” rating and set a $49.00 price target for the company in a Tuesday 12 report. april.
NASDAQ: THFF traded Monday at $0.93 during trading hours, hitting $44.43. The stock recorded a trading volume of 100,521 shares, compared to an average volume of 85,847 shares. First Financial has a one-year low of $37.69 and a one-year high of $47.10. The company has a debt ratio of 0.03, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $551.91 million, a price-earnings ratio of 9.39 and a beta of 0.67. The company’s 50-day moving average is $44.01 and its 200-day moving average is $44.56.
First Financial (NASDAQ:THFF – Get a rating) last reported results on Tuesday, April 26. The bank reported EPS of $1.67 for the quarter, beating the consensus estimate of $1.08 by $0.59. First Financial had a net margin of 30.36% and a return on equity of 11.57%. The company posted revenue of $51.55 million in the quarter, versus a consensus estimate of $47.60 million. On average, sell-side analysts expect First Financial to post EPS of 5.17 for the current fiscal year.
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Several institutional investors have recently increased or reduced their stake in the company. Credit Suisse AG increased its stake in First Financial by 28.9% in the third quarter. Credit Suisse AG now owns 9,120 shares in the bank worth $385,000 after buying 2,047 more shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in First Financial during the third quarter worth $333,000. Thrivent Financial for Lutherans increased its stake in First Financial by 28.9% during the third quarter. Thrivent Financial for Lutherans now owns 107,784 shares of the bank worth $4,532,000 after buying an additional 24,157 shares in the last quarter. Diversified Trust Co acquired a new position in First Financial during the fourth quarter worth $351,000. Finally, First Financial Corp IN increased its stake in First Financial by 2.2% during the fourth quarter. First Financial Corp IN now owns 741,648 shares of the bank worth $33,589,000 after buying an additional 16,107 shares in the last quarter. Institutional investors hold 67.22% of the company’s shares.
About First Financial (Get a rating)
First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, term and other term 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 spreads, secured loans, and secured and unsecured cash/CD loans.
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