BidaskClub Lowers First Financial (THFF) to Sell

First Financial (NASDAQ:THFF) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

THFF has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $49.00 price target on shares of First Financial in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of First Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, ValuEngine lowered shares of First Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th.

First Financial (NASDAQ:THFF) traded up $0.40 during trading hours on Tuesday, reaching $46.20. 9,789 shares of the company traded hands, compared to its average volume of 23,750. First Financial has a 52-week low of $39.55 and a 52-week high of $53.49. The firm has a market capitalization of $564.74, a price-to-earnings ratio of 16.21 and a beta of 0.85.

First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. First Financial had a net margin of 23.48% and a return on equity of 8.11%. The firm had revenue of $35.65 million during the quarter, compared to analyst estimates of $35.71 million. research analysts forecast that First Financial will post 2.87 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. First Financial Corp IN grew its stake in First Financial by 1.1% during the first quarter. First Financial Corp IN now owns 1,334,333 shares of the bank’s stock worth $45,634,000 after buying an additional 14,133 shares during the last quarter. Vanguard Group Inc. grew its stake in First Financial by 4.9% during the second quarter. Vanguard Group Inc. now owns 522,920 shares of the bank’s stock worth $24,733,000 after buying an additional 24,521 shares during the last quarter. Northern Trust Corp grew its stake in First Financial by 4.5% during the second quarter. Northern Trust Corp now owns 406,266 shares of the bank’s stock worth $19,217,000 after buying an additional 17,489 shares during the last quarter. BlackRock Institutional Trust Company N.A. grew its stake in First Financial by 4.7% during the first quarter. BlackRock Institutional Trust Company N.A. now owns 397,523 shares of the bank’s stock worth $13,599,000 after buying an additional 17,958 shares during the last quarter. Finally, State Street Corp grew its stake in shares of First Financial by 15.2% during the second quarter. State Street Corp now owns 270,597 shares of the bank’s stock valued at $12,800,000 after purchasing an additional 35,700 shares during the last quarter. 53.74% of the stock is currently owned by hedge funds and other institutional investors.

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First Financial Company Profile

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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