First Financial (THFF) Rating Lowered to Sell at Zacks Investment Research

First Financial (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, 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. “

A number of other research analysts have also commented on THFF. BidaskClub lowered First Financial from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. ValuEngine lowered First Financial from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th.

Shares of NASDAQ THFF opened at $37.83 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The stock has a market cap of $464.93 million, a PE ratio of 9.96 and a beta of 0.89. First Financial has a 52 week low of $37.41 and a 52 week high of $53.05.

First Financial (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). The company had revenue of $37.06 million for the quarter, compared to analyst estimates of $36.90 million. First Financial had a net margin of 28.30% and a return on equity of 10.80%. Research analysts expect that First Financial will post 3.57 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in First Financial by 4.5% during the 4th quarter. Legal & General Group Plc now owns 7,085 shares of the bank’s stock valued at $285,000 after purchasing an additional 304 shares during the period. OLD National Bancorp IN boosted its stake in First Financial by 0.6% during the 1st quarter. OLD National Bancorp IN now owns 65,929 shares of the bank’s stock valued at $2,769,000 after purchasing an additional 379 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in First Financial by 8.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,722 shares of the bank’s stock valued at $270,000 after purchasing an additional 500 shares during the period. Swiss National Bank boosted its stake in First Financial by 2.9% during the 1st quarter. Swiss National Bank now owns 17,826 shares of the bank’s stock valued at $749,000 after purchasing an additional 500 shares during the period. Finally, Prudential Financial Inc. boosted its stake in First Financial by 0.4% during the 4th quarter. Prudential Financial Inc. now owns 141,627 shares of the bank’s stock valued at $5,686,000 after purchasing an additional 554 shares during the period. Hedge funds and other institutional investors own 56.89% of the company’s stock.

First Financial Company Profile

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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