FIG Partners Weighs in on First Financial Corp’s FY2018 Earnings (THFF)
First Financial Corp (NASDAQ:THFF) – Analysts at FIG Partners increased their FY2018 earnings per share estimates for First Financial in a research note issued to investors on Thursday. FIG Partners analyst B. Martin now anticipates that the bank will post earnings of $3.35 per share for the year, up from their previous estimate 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 analysts have also recently weighed in on THFF. BidaskClub raised shares of First Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine raised shares of First Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of First Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price objective on shares of First Financial in a research report on Friday, December 22nd.
The company also recently disclosed a semiannual dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 8th were given a $0.51 dividend. This is a boost from First Financial’s previous semiannual dividend of $0.50. This represents a yield of 2.14%. The ex-dividend date of this dividend was Friday, January 5th. First Financial’s dividend payout ratio is presently 42.86%.
A number of large investors have recently bought and sold shares of THFF. First Financial Corp IN raised its stake in shares of First Financial by 9.8% in the 4th quarter. First Financial Corp IN now owns 992,649 shares of the bank’s stock valued at $45,007,000 after purchasing an additional 88,619 shares in the last quarter. BlackRock Inc. raised its stake in shares of First Financial by 1.2% in the 4th quarter. BlackRock Inc. now owns 790,331 shares of the bank’s stock valued at $35,843,000 after purchasing an additional 9,524 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of First Financial by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 522,920 shares of the bank’s stock valued at $24,733,000 after purchasing an additional 24,521 shares in the last quarter. Northern Trust Corp raised its stake in shares of First Financial by 4.5% in the 2nd quarter. Northern Trust Corp now owns 406,266 shares of the bank’s stock valued at $19,217,000 after purchasing an additional 17,489 shares in the last quarter. Finally, State Street Corp raised its stake in shares of First Financial by 15.2% in the 2nd quarter. State Street Corp now owns 270,597 shares of the bank’s stock valued at $12,800,000 after purchasing an additional 35,700 shares in the last quarter. 54.01% of the stock is owned by institutional investors.
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First Financial Company Profile
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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