First Financial (THFF) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of First Financial (NASDAQ:THFF) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

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. “

THFF has been the topic of a number of other reports. ValuEngine downgraded First Financial from a hold rating to a sell rating in a research note on Wednesday, January 9th. BidaskClub upgraded First Financial from a sell rating to a hold rating in a research note on Friday, February 15th.

Shares of THFF opened at $41.93 on Wednesday. First Financial has a 12 month low of $37.41 and a 12 month high of $53.05. The firm has a market cap of $515.32 million, a price-to-earnings ratio of 11.03 and a beta of 0.92.

First Financial (NASDAQ:THFF) last issued its earnings results on Friday, February 1st. The bank reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). First Financial had a net margin of 28.33% and a return on equity of 10.93%. The business had revenue of $37.83 million for the quarter, compared to analysts’ expectations of $37.41 million. As a group, equities research analysts anticipate that First Financial will post 3.74 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in shares of First Financial by 1,505.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock worth $50,000 after buying an additional 1,204 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of First Financial by 268.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock worth $61,000 after buying an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of First Financial in the 4th quarter worth $110,000. Kessler Investment Group LLC boosted its stake in shares of First Financial by 41.5% in the 1st quarter. Kessler Investment Group LLC now owns 3,261 shares of the bank’s stock worth $137,000 after buying an additional 957 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of First Financial by 399.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,844 shares of the bank’s stock worth $154,000 after buying an additional 3,075 shares during the last quarter. Hedge funds and other institutional investors own 57.27% of the company’s stock.

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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