First Financial (NASDAQ:THFF) Announces Earnings Results, Meets Expectations

First Financial (NASDAQ:THFF) announced its earnings results on Tuesday. The bank reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96, Zacks reports. The business had revenue of $70.68 million during the quarter, compared to analysts’ expectations of $51.95 million. First Financial had a net margin of 18.22% and a return on equity of 10.07%.

First Financial Price Performance

NASDAQ:THFF traded up $2.35 during mid-day trading on Thursday, hitting $46.60. 17,627 shares of the company’s stock traded hands, compared to its average volume of 46,659. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $550.35 million, a PE ratio of 9.59 and a beta of 0.48. The firm’s 50 day simple moving average is $37.88 and its 200 day simple moving average is $37.95. First Financial has a 1 year low of $31.74 and a 1 year high of $46.77.

First Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, July 1st. First Financial’s dividend payout ratio (DPR) is presently 38.38%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on First Financial from $43.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday.

About First Financial

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.