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

Share on StockTwits

BidaskClub lowered shares of First Financial (NASDAQ:THFF) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

THFF has been the topic of several other research reports. ValuEngine lowered shares of First Financial from a hold rating to a sell rating in a research report on Tuesday, April 7th. Zacks Investment Research raised shares of First Financial from a hold rating to a strong-buy rating and set a $40.00 price target on the stock in a research report on Thursday, July 9th.

Shares of First Financial stock opened at $33.82 on Friday. The stock has a market cap of $458.75 million, a P/E ratio of 8.69 and a beta of 0.90. The stock’s 50 day simple moving average is $35.31 and its 200-day simple moving average is $37.45. First Financial has a 1-year low of $27.62 and a 1-year high of $46.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.84 and a quick ratio of 0.84.

First Financial (NASDAQ:THFF) last issued its earnings results on Wednesday, April 29th. The bank reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.25. The business had revenue of $45.45 million for the quarter, compared to analysts’ expectations of $46.50 million. First Financial had a return on equity of 9.45% and a net margin of 25.97%. As a group, research analysts expect that First Financial will post 3 EPS for the current fiscal year.

The company also recently announced a semi-annual dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.52 dividend. This represents a yield of 3.1%. The ex-dividend date was Friday, June 12th. First Financial’s payout ratio is 27.37%.

A number of hedge funds and other institutional investors have recently made changes to their positions in THFF. Advisor Group Holdings Inc. purchased a new stake in First Financial in the first quarter valued at approximately $29,000. Denali Advisors LLC purchased a new stake in First Financial in the first quarter valued at approximately $30,000. Great West Life Assurance Co. Can purchased a new stake in First Financial in the fourth quarter valued at approximately $34,000. AJO LP purchased a new stake in First Financial in the fourth quarter valued at approximately $111,000. Finally, Citigroup Inc. raised its position in First Financial by 55.1% in the fourth quarter. Citigroup Inc. now owns 2,793 shares of the bank’s stock valued at $128,000 after purchasing an additional 992 shares during the period. 57.17% of the stock is currently owned by institutional investors.

About First Financial

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.

Read More: Dividend Aristocrat Index

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.