Wall Street analysts expect First Financial Corp (NASDAQ:THFF) to report earnings of $0.91 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Financial’s earnings, with estimates ranging from $0.90 to $0.92. First Financial posted earnings of $0.92 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The company is scheduled to announce its next earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that First Financial will report full year earnings of $3.67 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.68. For the next financial year, analysts forecast that the company will post earnings of $3.87 per share, with EPS estimates ranging from $3.82 to $3.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover First Financial.
First Financial (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.18. First Financial had a return on equity of 9.85% and a net margin of 27.15%. The business had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $38.10 million.
Several equities research analysts have recently commented on the company. Zacks Investment Research restated a “sell” rating on shares of First Financial in a research note on Saturday, June 29th. BidaskClub upgraded First Financial from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th.
Shares of First Financial stock traded up $0.49 during trading hours on Tuesday, hitting $44.52. 59,552 shares of the company were exchanged, compared to its average volume of 37,730. First Financial has a 1 year low of $37.41 and a 1 year high of $52.52. The business has a 50-day moving average of $41.53 and a 200-day moving average of $41.05. The stock has a market capitalization of $541.14 million, a price-to-earnings ratio of 11.72 and a beta of 0.93.
Several institutional investors have recently added to or reduced their stakes in THFF. Meeder Asset Management Inc. lifted its position 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 buying an additional 307 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of First Financial by 1.7% in 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. Swiss National Bank raised its holdings in shares of First Financial by 2.8% in the 2nd quarter. Swiss National Bank now owns 18,326 shares of the bank’s stock worth $736,000 after purchasing an additional 500 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of First Financial by 4.2% in 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. Finally, LSV Asset Management raised its holdings in shares of First Financial by 0.5% in the 2nd quarter. LSV Asset Management now owns 147,798 shares of the bank’s stock worth $5,935,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 57.42% 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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