First Financial (NASDAQ:THFF) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of First Financial (NASDAQ:THFF) from a strong sell rating to a sell rating in a report released on Friday, June 7th, BidAskClub reports.

Several other brokerages have also recently weighed in on THFF. ValuEngine cut First Financial from a hold rating to a sell rating in a report on Wednesday, March 20th. Zacks Investment Research lowered First Financial from a hold rating to a sell rating in a report on Wednesday, April 17th.

NASDAQ:THFF traded up $0.16 during midday trading on Friday, hitting $40.32. 17,900 shares of the company were exchanged, compared to its average volume of 38,549. The stock has a fifty day moving average of $39.05. First Financial has a fifty-two week low of $37.41 and a fifty-two week high of $53.05. 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 firm has a market capitalization of $493.58 million, a P/E ratio of 10.60 and a beta of 0.93.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The firm had revenue of $37.06 million during the quarter, compared to analyst estimates of $36.90 million. First Financial had a net margin of 28.30% and a return on equity of 10.80%. On average, equities analysts anticipate that First Financial will post 3.57 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from First Financial’s previous semiannual dividend of $0.51. First Financial’s payout ratio is presently 27.37%.

Several institutional investors and hedge funds have recently modified their holdings of THFF. Great West Life Assurance Co. Can raised its holdings in First Financial by 1,505.0% in the 4th 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 period. 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 buying an additional 1,905 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in First Financial during the fourth quarter worth about $110,000. SG Americas Securities LLC purchased a new stake in First Financial during the first quarter worth about $111,000. Finally, Kessler Investment Group LLC boosted its holdings in First Financial by 41.5% during the first quarter. Kessler Investment Group LLC now owns 3,261 shares of the bank’s stock worth $137,000 after buying an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 56.76% 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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