First Financial Corp. (NASDAQ:THFF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $45.00 price target on the stock. Zacks Investment Research’s price target indicates a potential downside of 3.23% 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. “
Separately, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corp. from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th.
Shares of First Financial Corp. (NASDAQ:THFF) traded down 1.27% during mid-day trading on Wednesday, hitting $46.50. 5,748 shares of the company were exchanged. The company has a 50 day moving average of $41.62 and a 200 day moving average of $39.21. The company has a market capitalization of $566.60 million, a P/E ratio of 15.57 and a beta of 0.80. First Financial Corp. has a 52 week low of $31.15 and a 52 week high of $47.35.
First Financial Corp. (NASDAQ:THFF) last issued its earnings results on Tuesday, October 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. First Financial Corp. had a net margin of 26.04% and a return on equity of 7.56%. Equities analysts anticipate that First Financial Corp. will post $3.10 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Aperio Group LLC bought a new stake in shares of First Financial Corp. during the first quarter worth approximately $339,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of First Financial Corp. during the first quarter worth approximately $256,000. Quotient Investors LLC bought a new stake in shares of First Financial Corp. during the second quarter worth approximately $615,000. Foundry Partners LLC raised its stake in shares of First Financial Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 104,055 shares of the company’s stock worth $3,810,000 after buying an additional 300 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of First Financial Corp. during the second quarter worth approximately $715,000. Hedge funds and other institutional investors own 53.72% of the company’s stock.
About First Financial Corp.
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. It operates in the banking segment. The Company is the holding company of First Financial Bank, N.A.