Zacks Investment Research Downgrades First Financial Corporation Indiana (NASDAQ:THFF) to Sell

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, October 27th.

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 equities analysts have also issued research reports about the stock. BidaskClub lowered shares of First Financial Corporation Indiana from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 target price on shares of First Financial Corporation Indiana in a report on Tuesday, October 24th.

Shares of First Financial Corporation Indiana (NASDAQ THFF) traded up $0.40 during midday trading on Friday, hitting $47.30. 16,100 shares of the stock traded hands, compared to its average volume of 24,299. First Financial Corporation Indiana has a one year low of $39.55 and a one year high of $53.49. The stock has a market cap of $573.29, a PE ratio of 16.46 and a beta of 0.85.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $35.65 million during the quarter, compared to analysts’ expectations of $35.71 million. First Financial Corporation Indiana had a net margin of 23.48% and a return on equity of 8.11%. analysts predict that First Financial Corporation Indiana will post 2.87 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of THFF. Bank of New York Mellon Corp lifted its holdings in First Financial Corporation Indiana by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 77,050 shares of the bank’s stock worth $3,659,000 after buying an additional 1,122 shares in the last quarter. American International Group Inc. lifted its holdings in First Financial Corporation Indiana by 6.8% in the 1st quarter. American International Group Inc. now owns 6,145 shares of the bank’s stock worth $292,000 after buying an additional 392 shares in the last quarter. Wellington Management Group LLP acquired a new position in First Financial Corporation Indiana in the 1st quarter worth $5,862,000. Teachers Advisors LLC lifted its holdings in First Financial Corporation Indiana by 15.6% in the 1st quarter. Teachers Advisors LLC now owns 27,658 shares of the bank’s stock worth $1,314,000 after buying an additional 3,736 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in First Financial Corporation Indiana by 3.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 39,933 shares of the bank’s stock worth $1,897,000 after buying an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

About First Financial Corporation Indiana

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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