First Financial (NASDAQ:THFF) Issues Quarterly Earnings Results

First Financial (NASDAQ:THFF) announced its earnings results on Tuesday. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08, Zacks reports. First Financial had a net margin of 14.86% and a return on equity of 8.10%.

First Financial Price Performance

Shares of THFF stock traded up $1.65 during trading hours on Tuesday, reaching $49.69. The company had a trading volume of 11,488 shares, compared to its average volume of 45,877. First Financial has a 12-month low of $34.58 and a 12-month high of $51.87. The company has a market capitalization of $586.78 million, a price-to-earnings ratio of 13.46 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average of $47.43 and a 200-day moving average of $45.28.

First Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. This is a boost from First Financial’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, January 3rd. First Financial’s payout ratio is currently 55.28%.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded First Financial from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Thursday, December 19th.

About First Financial

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It 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.