First Financial Corporation Indiana (THFF) Downgraded to Sell at Zacks Investment Research

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, October 27th.

According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “

A number of other research firms have also recently weighed in on THFF. BidaskClub cut shares of First Financial Corporation Indiana from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $49.00 price target on shares of First Financial Corporation Indiana in a report on Tuesday, October 24th.

Shares of First Financial Corporation Indiana (THFF) traded down $0.05 during trading on Friday, reaching $46.15. 12,400 shares of the company’s stock traded hands, compared to its average volume of 24,380. First Financial Corporation Indiana has a one year low of $39.55 and a one year high of $53.49. The company has a market cap of $563.52, a PE ratio of 16.21 and a beta of 0.84.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. First Financial Corporation Indiana had a net margin of 23.48% and a return on equity of 8.11%. The company had revenue of $35.65 million for the quarter, compared to analysts’ expectations of $35.71 million. sell-side analysts predict that First Financial Corporation Indiana will post 2.87 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its holdings in shares of First Financial Corporation Indiana by 9.3% in the 2nd quarter. Teachers Advisors LLC now owns 30,225 shares of the bank’s stock valued at $1,430,000 after buying an additional 2,567 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of First Financial Corporation Indiana by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 164,100 shares of the bank’s stock valued at $7,795,000 after purchasing an additional 24,381 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Financial Corporation Indiana by 49.4% in the 2nd quarter. First Trust Advisors LP now owns 47,491 shares of the bank’s stock valued at $2,246,000 after purchasing an additional 15,703 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of First Financial Corporation Indiana by 6.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,343 shares of the bank’s stock valued at $4,841,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at approximately $1,268,000. Institutional investors and hedge funds own 53.56% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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