Zacks: Analysts Expect First Financial Corp (THFF) Will Post Quarterly Sales of $36.90 Million

Equities analysts expect First Financial Corp (NASDAQ:THFF) to report sales of $36.90 million for the current quarter, Zacks reports. Two analysts have issued estimates for First Financial’s earnings, with the lowest sales estimate coming in at $36.50 million and the highest estimate coming in at $37.30 million. First Financial reported sales of $35.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The business is expected to announce its next quarterly earnings report on Tuesday, April 23rd.

According to Zacks, analysts expect that First Financial will report full-year sales of $176.00 million for the current fiscal year, with estimates ranging from $174.60 million to $177.40 million. For the next year, analysts forecast that the business will report sales of $195.00 million, with estimates ranging from $194.40 million to $195.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for First Financial.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Friday, February 1st. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). First Financial had a return on equity of 10.93% and a net margin of 28.33%. The firm had revenue of $37.83 million for the quarter, compared to analysts’ expectations of $37.41 million.

A number of equities analysts have recently weighed in on THFF shares. BidaskClub downgraded shares of First Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 10th. ValuEngine raised shares of First Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research raised shares of First Financial from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, January 15th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in shares of First Financial by 1,505.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock worth $50,000 after acquiring an additional 1,204 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of First Financial by 268.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock worth $61,000 after acquiring an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of First Financial in the fourth quarter worth $110,000. Kessler Investment Group LLC increased its stake in shares of First Financial by 41.5% in the first quarter. Kessler Investment Group LLC now owns 3,261 shares of the bank’s stock worth $137,000 after acquiring an additional 957 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of First Financial by 399.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,844 shares of the bank’s stock worth $154,000 after acquiring an additional 3,075 shares during the last quarter. 57.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Financial stock traded down $0.19 on Friday, hitting $41.93. 19,016 shares of the company traded hands, compared to its average volume of 36,935. First Financial has a 12-month low of $37.41 and a 12-month high of $53.05. The stock has a market cap of $515.32 million, a P/E ratio of 11.03 and a beta of 0.92.

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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