Zacks: Analysts Anticipate First Financial Co. (NASDAQ:THFF) Will Announce Earnings of $1.14 Per Share

Equities analysts forecast that First Financial Co. (NASDAQ:THFFGet Rating) will announce earnings of $1.14 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Financial’s earnings. The lowest EPS estimate is $1.06 and the highest is $1.21. First Financial reported earnings of $1.24 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Financial will report full-year earnings of $4.94 per share for the current fiscal year, with EPS estimates ranging from $4.83 to $5.05. For the next year, analysts anticipate that the company will post earnings of $5.04 per share, with EPS estimates ranging from $4.98 to $5.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow First Financial.

First Financial (NASDAQ:THFFGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.04 by $0.63. First Financial had a net margin of 30.36% and a return on equity of 11.57%.

Several equities research analysts recently weighed in on the company. StockNews.com raised First Financial from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Zacks Investment Research raised First Financial from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, February 4th. Finally, Raymond James raised shares of First Financial from a “market perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Tuesday, April 12th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in First Financial by 17.0% in the 1st quarter. BlackRock Inc. now owns 1,331,453 shares of the bank’s stock worth $57,625,000 after acquiring an additional 193,283 shares during the period. First Financial Corp IN boosted its holdings in First Financial by 2.2% in the 4th quarter. First Financial Corp IN now owns 741,648 shares of the bank’s stock worth $33,589,000 after acquiring an additional 16,107 shares during the period. Vanguard Group Inc. boosted its holdings in First Financial by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 672,335 shares of the bank’s stock worth $29,098,000 after acquiring an additional 42,849 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in First Financial by 0.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 330,657 shares of the bank’s stock worth $14,311,000 after acquiring an additional 1,411 shares during the period. Finally, rhino investment partners Inc acquired a new position in shares of First Financial in the 1st quarter valued at approximately $10,634,000. Hedge funds and other institutional investors own 67.22% of the company’s stock.

THFF stock opened at $42.84 on Wednesday. The company has a market capitalization of $532.16 million, a P/E ratio of 9.06 and a beta of 0.67. First Financial has a twelve month low of $37.69 and a twelve month high of $47.10. The business has a 50 day simple moving average of $43.76 and a 200-day simple moving average of $44.57. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.03.

About First Financial (Get Rating)

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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