Zacks Investment Research Lowers First Financial (THFF) to Hold

Zacks Investment Research downgraded shares of First Financial (NASDAQ:THFF) from a buy rating to a hold rating in a report issued on Wednesday.

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 subject of a number of other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $49.00 price target on shares of First Financial in a research report on Tuesday, October 24th. ValuEngine downgraded First Financial from a buy rating to a hold rating in a research report on Thursday, November 16th. Finally, BidaskClub downgraded First Financial from a hold rating to a sell rating in a research report on Tuesday, December 12th.

Shares of First Financial (NASDAQ:THFF) opened at $45.00 on Wednesday. The company has a market capitalization of $540.68, a P/E ratio of 18.91 and a beta of 0.88. First Financial has a 52-week low of $39.55 and a 52-week high of $52.35.

Large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC increased its position in First Financial by 9.3% in the second quarter. Teachers Advisors LLC now owns 30,225 shares of the bank’s stock worth $1,430,000 after buying an additional 2,567 shares during the last quarter. Vanguard Group Inc. increased its position in First Financial by 4.9% in the second quarter. Vanguard Group Inc. now owns 522,920 shares of the bank’s stock worth $24,733,000 after buying an additional 24,521 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in First Financial in the second quarter worth $449,000. Foundry Partners LLC increased its position in First Financial by 7.8% in the third quarter. Foundry Partners LLC now owns 146,560 shares of the bank’s stock worth $6,976,000 after buying an additional 10,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in First Financial by 2.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 105,094 shares of the bank’s stock worth $5,003,000 after buying an additional 2,751 shares during the last quarter. 53.47% of the stock is owned by institutional investors and hedge funds.

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First Financial 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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