Zacks Investment Research lowered shares of First Financial (NASDAQ:THFF) from a hold rating to a sell rating in a report released on Wednesday, 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 equities analysts have also recently weighed in on THFF. ValuEngine raised shares of First Financial from a sell rating to a hold rating in a research report on Monday, February 4th. BidaskClub raised shares of First Financial from a sell rating to a hold rating in a research report on Friday, February 15th.

NASDAQ:THFF opened at $38.64 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $474.89 million, a price-to-earnings ratio of 10.17 and a beta of 0.89. First Financial has a 1-year low of $37.41 and a 1-year high of $53.05.

First Financial (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The firm had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $36.90 million. First Financial had a net margin of 28.30% and a return on equity of 10.80%. As a group, sell-side analysts expect that First Financial will post 3.57 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 17th will be given a dividend of $0.52 per share. This is a boost from First Financial’s previous semiannual dividend of $0.51. The ex-dividend date of this dividend is Friday, June 14th. First Financial’s dividend payout ratio (DPR) is presently 26.84%.

Hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its position in shares of First Financial by 1,505.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock worth $50,000 after purchasing an additional 1,204 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of First Financial by 268.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock worth $61,000 after purchasing an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of First Financial by 326.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock worth $105,000 after purchasing an additional 1,905 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of First Financial during the fourth quarter worth about $110,000. Finally, SG Americas Securities LLC bought a new position in shares of First Financial during the first quarter worth about $111,000. 55.79% of the stock is currently owned by institutional investors and hedge funds.

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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