First Financial Corp (NASDAQ:THFF) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 391,600 shares, a growth of 17.2% from the June 30th total of 334,100 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is presently 12.0 days.
Several equities research analysts recently commented on THFF shares. BidaskClub cut First Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Zacks Investment Research reaffirmed a “sell” rating on shares of First Financial in a research report on Saturday, June 29th.
THFF stock traded down $0.84 during trading on Wednesday, reaching $40.98. The stock had a trading volume of 42,029 shares, compared to its average volume of 38,305. First Financial has a 52 week low of $37.41 and a 52 week high of $52.80. The firm’s 50 day moving average is $40.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $503.64 million, a price-to-earnings ratio of 10.78 and a beta of 0.92.
Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in First Financial by 72.4% in the second quarter. Meeder Asset Management Inc. now owns 731 shares of the bank’s stock valued at $29,000 after acquiring an additional 307 shares during the period. Bank of Montreal Can lifted its holdings in First Financial by 53.8% in the second quarter. Bank of Montreal Can now owns 2,369 shares of the bank’s stock valued at $96,000 after acquiring an additional 829 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in First Financial by 326.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock valued at $105,000 after acquiring an additional 1,905 shares during the period. SG Americas Securities LLC bought a new position in First Financial in the first quarter valued at about $111,000. Finally, Public Employees Retirement System of Ohio bought a new position in First Financial in the fourth quarter valued at about $110,000. 56.70% of the stock is currently owned by institutional investors.
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.
Recommended Story: What can cause a stock to outperform?
Receive News & Ratings for First Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial and related companies with MarketBeat.com's FREE daily email newsletter.