First Financial (NASDAQ:THFF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $50.00 price objective on the bank’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.03% from the company’s current price.
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. “
Other analysts have also issued research reports about the stock. BidaskClub raised shares of First Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 9th. ValuEngine cut shares of First Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd.
First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.03. The company had revenue of $37.74 million during the quarter, compared to analyst estimates of $37.60 million. First Financial had a net margin of 23.65% and a return on equity of 10.68%. Equities research analysts forecast that First Financial will post 3.78 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its stake in shares of First Financial by 7.7% during the second quarter. Strs Ohio now owns 18,200 shares of the bank’s stock valued at $825,000 after purchasing an additional 1,300 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of First Financial by 9.0% during the first quarter. Wells Fargo & Company MN now owns 16,920 shares of the bank’s stock valued at $704,000 after purchasing an additional 1,400 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of First Financial by 52.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,081 shares of the bank’s stock valued at $230,000 after purchasing an additional 1,755 shares during the last quarter. Kessler Investment Group LLC bought a new stake in shares of First Financial during the second quarter valued at approximately $102,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of First Financial by 6.9% during the second quarter. Wedge Capital Management L L P NC now owns 37,832 shares of the bank’s stock valued at $1,716,000 after purchasing an additional 2,440 shares during the last quarter. 54.19% of the stock is currently owned by institutional investors and hedge funds.
About First Financial
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.
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