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

First Financial (NASDAQ:THFF) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday, BidAskClub reports.

Several other equities analysts have also recently issued reports on THFF. Zacks Investment Research cut First Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. ValuEngine cut First Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

THFF opened at $39.28 on Friday. First Financial has a 12 month low of $37.41 and a 12 month high of $53.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $479.20 million, a P/E ratio of 10.34 and a beta of 0.92.

First Financial (NASDAQ:THFF) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). First Financial had a net margin of 28.30% and a return on equity of 10.80%. The business had revenue of $37.06 million during the quarter, compared to analyst estimates of $36.90 million. As a group, research analysts expect that First Financial will post 3.57 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of First Financial by 16.8% during the 1st quarter. BlackRock Inc. now owns 1,080,704 shares of the bank’s stock valued at $45,390,000 after acquiring an additional 155,193 shares during the last quarter. Northern Trust Corp boosted its stake in First Financial by 76.3% during the fourth quarter. Northern Trust Corp now owns 696,304 shares of the bank’s stock worth $27,957,000 after buying an additional 301,342 shares during the period. Vanguard Group Inc. boosted its stake in shares of First Financial by 1.3% during the third quarter. Vanguard Group Inc. now owns 531,099 shares of the bank’s stock valued at $26,661,000 after purchasing an additional 6,795 shares during the period. Norges Bank purchased a new stake in shares of First Financial during the fourth quarter valued at $10,312,000. Finally, Renaissance Technologies LLC lifted its stake in First Financial by 11.9% in the first quarter. Renaissance Technologies LLC now owns 209,000 shares of the bank’s stock worth $8,778,000 after acquiring an additional 22,300 shares during the period. Institutional investors own 56.89% of the company’s stock.

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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