$45.00 Million in Sales Expected for First Financial Co. (NASDAQ:THFF) This Quarter

Equities research analysts forecast that First Financial Co. (NASDAQ:THFF) will announce $45.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Financial’s earnings, with the lowest sales estimate coming in at $44.00 million and the highest estimate coming in at $46.00 million. First Financial posted sales of $44.67 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.7%. The firm is expected to report its next earnings results on Friday, July 30th.

On average, analysts expect that First Financial will report full year sales of $181.15 million for the current fiscal year, with estimates ranging from $177.30 million to $185.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $183.25 million, with estimates ranging from $177.50 million to $189.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for First Financial.

First Financial (NASDAQ:THFF) last released its earnings results on Monday, April 26th. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.12. First Financial had a return on equity of 9.12% and a net margin of 27.39%. The company had revenue of $44.21 million for the quarter, compared to analysts’ expectations of $45.85 million.

Separately, Zacks Investment Research upgraded First Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, May 6th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THFF. Strs Ohio grew its holdings in shares of First Financial by 109.0% in the 4th quarter. Strs Ohio now owns 18,600 shares of the bank’s stock worth $722,000 after acquiring an additional 9,700 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of First Financial by 65.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,150 shares of the bank’s stock worth $84,000 after purchasing an additional 850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First Financial by 187.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,619 shares of the bank’s stock worth $63,000 after purchasing an additional 1,056 shares during the period. Parallel Advisors LLC raised its position in shares of First Financial by 97.5% in the 4th quarter. Parallel Advisors LLC now owns 1,090 shares of the bank’s stock worth $42,000 after buying an additional 538 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new position in shares of First Financial in the 4th quarter worth $382,000. Institutional investors and hedge funds own 63.83% of the company’s stock.

NASDAQ THFF traded up $0.12 on Tuesday, hitting $44.66. 275 shares of the company’s stock were exchanged, compared to its average volume of 49,593. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $44.82. First Financial has a fifty-two week low of $30.02 and a fifty-two week high of $47.00. The stock has a market cap of $604.56 million, a price-to-earnings ratio of 11.16 and a beta of 0.86.

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 1st. Investors of record on Thursday, June 17th will be issued a $0.53 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 16th. First Financial’s dividend payout ratio is currently 26.97%.

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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