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.
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