First Financial (NASDAQ:THFF) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of First Financial (NASDAQ:THFF) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research reissued a sell rating on shares of First Financial in a research report on Saturday, June 29th.

Shares of NASDAQ THFF traded up $0.46 during trading hours on Thursday, hitting $44.25. 3,882 shares of the company traded hands, compared to its average volume of 32,945. The stock has a market capitalization of $514.84 million, a price-to-earnings ratio of 11.70 and a beta of 0.93. The company’s 50 day moving average price is $41.38 and its 200 day moving average price is $41.05. First Financial has a 12 month low of $37.41 and a 12 month high of $52.52.

First Financial (NASDAQ:THFF) last released its earnings results on Tuesday, July 23rd. The bank reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $38.10 million. First Financial had a return on equity of 9.85% and a net margin of 27.15%. Sell-side analysts forecast that First Financial will post 3.67 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in THFF. Walthausen & Co. LLC grew its position in First Financial by 37.5% in the 1st quarter. Walthausen & Co. LLC now owns 199,699 shares of the bank’s stock valued at $8,387,000 after acquiring an additional 54,470 shares during the last quarter. Nuveen Asset Management LLC bought a new position in First Financial in the 2nd quarter valued at $2,121,000. BlackRock Inc. grew its position in First Financial by 2.8% in the 2nd quarter. BlackRock Inc. now owns 1,110,677 shares of the bank’s stock valued at $44,605,000 after acquiring an additional 29,973 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in First Financial by 32.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 119,815 shares of the bank’s stock valued at $4,812,000 after acquiring an additional 29,255 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in First Financial in the 1st quarter valued at $781,000. 57.44% of the stock is currently owned by institutional investors.

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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