Equities research analysts forecast that First Financial Corp (NASDAQ:THFF) will report $46.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Financial's earnings, with the lowest sales estimate coming in at $45.30 million and the highest estimate coming in at $47.00 million. First Financial reported sales of $43.75 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The company is scheduled to report its next quarterly earnings report on Friday, October 23rd.
According to Zacks, analysts expect that First Financial will report full year sales of $184.75 million for the current financial year, with estimates ranging from $181.50 million to $188.00 million. For the next year, analysts forecast that the company will post sales of $181.00 million, with estimates ranging from $177.00 million to $185.00 million. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that follow First Financial.
First Financial (NASDAQ:THFF) last released its quarterly earnings results on Monday, August 3rd. The bank reported $0.87 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.26. The business had revenue of $44.67 million during the quarter, compared to analyst estimates of $45.95 million. First Financial had a net margin of 25.01% and a return on equity of 8.88%.
A number of research firms recently issued reports on THFF. BidaskClub cut shares of First Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, August 18th. Zacks Investment Research raised shares of First Financial from a "hold" rating to a "strong-buy" rating and set a $40.00 price target on the stock in a research note on Thursday, July 9th.
Shares of NASDAQ THFF opened at $32.37 on Thursday. The stock has a market capitalization of $443.96 million, a price-to-earnings ratio of 8.66 and a beta of 0.86. First Financial has a 12 month low of $27.62 and a 12 month high of $46.93. The firm's 50 day simple moving average is $34.30 and its 200-day simple moving average is $34.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.86 and a quick ratio of 0.86.
A number of institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new position in shares of First Financial during the second quarter worth about $7,251,000. Vanguard Group Inc. boosted its stake in shares of First Financial by 26.9% during the second quarter. Vanguard Group Inc. now owns 730,649 shares of the bank's stock valued at $26,917,000 after acquiring an additional 154,846 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of First Financial during the first quarter valued at $2,461,000. AJO LP boosted its stake in shares of First Financial by 1,108.6% during the first quarter. AJO LP now owns 29,562 shares of the bank's stock valued at $996,000 after acquiring an additional 27,116 shares during the last quarter. Finally, Ziegler Capital Management LLC acquired a new stake in shares of First Financial during the second quarter valued at $845,000. 59.72% of the stock is currently owned by hedge funds and other institutional investors.
About First Financial
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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