$0.91 EPS Expected for First Financial Corp (NASDAQ:THFF) This Quarter

Wall Street brokerages forecast that First Financial Corp (NASDAQ:THFF) will report $0.91 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Financial’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.90. First Financial posted earnings per share of $0.92 in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.1%. The firm is expected to issue its next earnings report on Tuesday, October 22nd.

On average, analysts expect that First Financial will report full-year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.65 to $3.68. For the next financial year, analysts forecast that the firm will post earnings of $3.89 per share, with EPS estimates ranging from $3.82 to $3.95. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for First Financial.

First Financial (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The business had revenue of $39.50 million during the quarter, compared to the consensus estimate of $38.10 million. First Financial had a net margin of 27.15% and a return on equity of 10.04%.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of First Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, July 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of First Financial in a research note on Saturday, June 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its holdings in First Financial by 72.4% during the second quarter. Meeder Asset Management Inc. now owns 731 shares of the bank’s stock worth $29,000 after purchasing an additional 307 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in First Financial by 1,505.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock worth $50,000 after purchasing an additional 1,204 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in First Financial by 326.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock worth $105,000 after purchasing an additional 1,905 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Financial during the first quarter worth about $111,000. Finally, Public Employees Retirement System of Ohio purchased a new position in First Financial during the fourth quarter worth about $110,000. 56.69% of the stock is owned by institutional investors and hedge funds.

NASDAQ:THFF traded down $0.42 on Friday, hitting $40.51. The company had a trading volume of 2,015 shares, compared to its average volume of 40,265. The stock has a market cap of $517.17 million, a PE ratio of 10.66 and a beta of 0.92. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $40.51. First Financial has a 52 week low of $37.41 and a 52 week high of $52.80.

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.

Recommended Story: What is Liquidity?

Get a free copy of the Zacks research report on First Financial (THFF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Financial (NASDAQ:THFF)

Receive News & Ratings for First Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial and related companies with MarketBeat.com's FREE daily email newsletter.