First Financial (THFF) Downgraded to “Hold” at Zacks Investment Research

First Financial (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors 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. “

Several other equities research analysts have also recently commented on the stock. BidaskClub cut shares of First Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 price objective on shares of First Financial in a research report on Friday, December 22nd. Finally, ValuEngine raised shares of First Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.

First Financial (NASDAQ:THFF) traded down $0.40 on Wednesday, reaching $43.90. 22,214 shares of the company traded hands, compared to its average volume of 17,117. The company has a market cap of $538.84, a PE ratio of 18.61 and a beta of 0.88. First Financial has a 1-year low of $39.55 and a 1-year high of $52.35.

A number of institutional investors and hedge funds have recently made changes to their positions in THFF. Wells Fargo & Company MN grew its stake in First Financial by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,453 shares of the bank’s stock valued at $353,000 after buying an additional 105 shares during the last quarter. Teachers Advisors LLC grew its stake in First Financial by 9.3% in the 2nd quarter. Teachers Advisors LLC now owns 30,225 shares of the bank’s stock valued at $1,430,000 after buying an additional 2,567 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in First Financial by 2.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 41,011 shares of the bank’s stock valued at $1,940,000 after buying an additional 1,078 shares during the last quarter. Ameriprise Financial Inc. grew its stake in First Financial by 8.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 140,936 shares of the bank’s stock valued at $6,665,000 after buying an additional 10,896 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of First Financial by 4.5% during the 2nd quarter. Northern Trust Corp now owns 406,266 shares of the bank’s stock worth $19,217,000 after purchasing an additional 17,489 shares in the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.

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About First Financial

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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