First Financial (NASDAQ:THFF) Posts Quarterly Earnings Results, Hits Expectations

First Financial (NASDAQ:THFF) released its quarterly earnings data on Tuesday. The bank reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96, Zacks reports. The business had revenue of $70.68 million for the quarter, compared to the consensus estimate of $51.95 million. First Financial had a net margin of 20.16% and a return on equity of 11.04%.

First Financial Price Performance

Shares of NASDAQ THFF traded down $0.06 during mid-day trading on Wednesday, reaching $45.55. The company’s stock had a trading volume of 24,599 shares, compared to its average volume of 46,633. The stock has a 50-day moving average of $37.78 and a two-hundred day moving average of $37.91. The stock has a market capitalization of $537.95 million, a P/E ratio of 9.67 and a beta of 0.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 0.77. First Financial has a 1-year low of $31.74 and a 1-year high of $46.27.

First Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, July 1st. First Financial’s dividend payout ratio (DPR) is 38.38%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $43.00 price objective (down from $45.00) on shares of First Financial in a report on Wednesday, May 1st.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It 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.