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.
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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