First Financial Corp (NASDAQ:THFF) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 99,300 shares, a decrease of 15.8% from the January 15th total of 118,000 shares. Based on an average daily trading volume, of 31,600 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.8% of the shares of the stock are short sold.
First Financial stock opened at $43.70 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $599.26 million, a PE ratio of 11.53 and a beta of 0.91. First Financial has a 12 month low of $37.41 and a 12 month high of $46.93. The stock has a 50-day moving average price of $43.89 and a two-hundred day moving average price of $43.38.
First Financial (NASDAQ:THFF) last posted its earnings results on Thursday, February 6th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $49.80 million during the quarter, compared to the consensus estimate of $46.65 million. First Financial had a return on equity of 9.79% and a net margin of 26.06%. As a group, analysts predict that First Financial will post 3.72 earnings per share for the current fiscal year.
In other First Financial news, Director Thomas Craig Martin acquired 850 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $45.75 per share, for a total transaction of $38,887.50. Following the transaction, the director now directly owns 850 shares in the company, valued at $38,887.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.73% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of THFF. Nuveen Asset Management LLC bought a new position in First Financial in the second quarter valued at about $2,121,000. First Financial Corp IN raised its position in First Financial by 7.3% in the fourth quarter. First Financial Corp IN now owns 675,535 shares of the bank’s stock valued at $30,885,000 after purchasing an additional 46,091 shares during the last quarter. EJF Capital LLC bought a new position in First Financial in the fourth quarter valued at about $2,062,000. AQR Capital Management LLC bought a new position in First Financial in the fourth quarter valued at about $1,975,000. Finally, State Street Corp raised its position in First Financial by 8.7% in the third quarter. State Street Corp now owns 317,444 shares of the bank’s stock valued at $13,799,000 after purchasing an additional 25,322 shares during the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded First Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. ValuEngine upgraded First Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 18th. Finally, BidaskClub upgraded First Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday.
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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