First Financial Corp (NASDAQ:THFF) – Equities researchers at FIG Partners raised their FY2018 earnings estimates for First Financial in a report released on Thursday. FIG Partners analyst B. Martin now expects that the bank will post earnings per share of $3.35 for the year, up from their previous forecast of $3.23. FIG Partners also issued estimates for First Financial’s Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.94 EPS and FY2019 earnings at $3.52 EPS.
A number of other brokerages also recently issued reports on THFF. Zacks Investment Research downgraded First Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. ValuEngine raised First Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price target on shares of First Financial in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded First Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd.
The firm also recently announced a semiannual dividend, which was paid on Monday, January 15th. Stockholders of record on Monday, January 8th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 5th. This is a positive change from First Financial’s previous semiannual dividend of $0.50. This represents a dividend yield of 2.14%. First Financial’s dividend payout ratio is currently 42.86%.
Several hedge funds have recently added to or reduced their stakes in THFF. Schwab Charles Investment Management Inc. grew its holdings in shares of First Financial by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 102,343 shares of the bank’s stock valued at $4,841,000 after acquiring an additional 6,140 shares in the last quarter. Wells Fargo & Company MN lifted its stake in First Financial by 1.4% in the second quarter. Wells Fargo & Company MN now owns 7,453 shares of the bank’s stock valued at $353,000 after purchasing an additional 105 shares during the last quarter. Teachers Advisors LLC lifted its stake in First Financial by 9.3% in the second quarter. Teachers Advisors LLC now owns 30,225 shares of the bank’s stock valued at $1,430,000 after purchasing an additional 2,567 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in First Financial by 2.7% in the second quarter. TIAA CREF Investment Management LLC now owns 41,011 shares of the bank’s stock valued at $1,940,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in First Financial by 8.4% in the second quarter. Ameriprise Financial Inc. now owns 140,936 shares of the bank’s stock valued at $6,665,000 after purchasing an additional 10,896 shares during the last quarter. 54.01% of the stock is owned by institutional investors.
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About First Financial
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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