First Financial (NASDAQ:THFF) Rating Lowered to Sell at BidaskClub

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First Financial (NASDAQ:THFF) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

Several other research firms also recently commented on THFF. ValuEngine lowered shares of First Financial from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Zacks Investment Research downgraded First Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 10th.

Shares of THFF traded up $0.51 during trading hours on Tuesday, reaching $44.44. The stock had a trading volume of 762 shares, compared to its average volume of 28,626. The firm has a 50-day simple moving average of $45.02 and a 200 day simple moving average of $42.94. First Financial has a 12 month low of $37.41 and a 12 month high of $46.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $604.76 million, a price-to-earnings ratio of 11.69 and a beta of 0.92.

First Financial (NASDAQ:THFF) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. First Financial had a net margin of 26.28% and a return on equity of 9.40%. The business had revenue of $43.75 million during the quarter, compared to analyst estimates of $45.56 million. On average, equities analysts forecast that First Financial will post 3.75 EPS for the current year.

In other First Financial news, Director Thomas Craig Martin bought 850 shares of First Financial stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $45.75 per share, with a total value of $38,887.50. Following the completion of the acquisition, the director now directly owns 850 shares in the company, valued at approximately $38,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.73% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. raised its stake in shares of First Financial by 1.7% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 22,427 shares of the bank’s stock worth $901,000 after purchasing an additional 380 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of First Financial by 4.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 17,420 shares of the bank’s stock worth $700,000 after purchasing an additional 698 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of First Financial by 20.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,231 shares of the bank’s stock worth $184,000 after purchasing an additional 731 shares during the period. Zebra Capital Management LLC raised its stake in shares of First Financial by 14.7% during the 2nd quarter. Zebra Capital Management LLC now owns 5,734 shares of the bank’s stock worth $230,000 after purchasing an additional 736 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of First Financial by 53.8% during the 2nd quarter. Bank of Montreal Can now owns 2,369 shares of the bank’s stock worth $96,000 after purchasing an additional 829 shares during the period. Institutional investors and hedge funds own 55.23% 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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