First Financial Corp (NASDAQ:THFF) Receives Consensus Recommendation of “Hold” from Brokerages
First Financial Corp (NASDAQ:THFF) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $46.00 for the company and are predicting that the company will post $0.85 EPS for the current quarter, according to Zacks. Zacks has also assigned First Financial an industry rank of 197 out of 256 based on the ratings given to its competitors.
A number of equities analysts recently commented on the company. BidaskClub downgraded Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. ValuEngine downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th.
First Financial (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). The firm had revenue of $37.06 million during the quarter, compared to analyst estimates of $36.90 million. First Financial had a return on equity of 10.80% and a net margin of 28.30%. As a group, analysts predict that First Financial will post 3.57 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 17th were issued a $0.52 dividend. The ex-dividend date was Friday, June 14th. This is a boost from First Financial’s previous semiannual dividend of $0.51. First Financial’s dividend payout ratio (DPR) is currently 27.37%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Walthausen & Co. LLC raised its holdings in shares of First Financial by 37.5% during the first quarter. Walthausen & Co. LLC now owns 199,699 shares of the bank’s stock valued at $8,387,000 after buying an additional 54,470 shares during the last quarter. Acadian Asset Management LLC raised its holdings in First Financial by 77.8% during the first quarter. Acadian Asset Management LLC now owns 41,558 shares of the bank’s stock worth $1,746,000 after purchasing an additional 18,191 shares in the last quarter. Martingale Asset Management L P raised its holdings in First Financial by 14.5% during the first quarter. Martingale Asset Management L P now owns 78,274 shares of the bank’s stock worth $3,289,000 after purchasing an additional 9,905 shares in the last quarter. LSV Asset Management raised its holdings in First Financial by 3.1% during the first quarter. LSV Asset Management now owns 147,098 shares of the bank’s stock worth $6,178,000 after purchasing an additional 4,444 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in First Financial in the first quarter worth approximately $781,000. 56.76% of the stock is currently owned by hedge funds and other institutional investors.
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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