Zacks Investment Research downgraded shares of First Financial (NASDAQ:THFF) from a hold rating to a sell rating in a report issued on Thursday morning, 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. “

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of First Financial from a sell rating to a strong sell rating in a research note on Wednesday, April 10th. ValuEngine downgraded shares of First Financial from a hold rating to a sell rating in a research note on Wednesday, March 20th.

NASDAQ:THFF opened at $37.83 on Thursday. The firm has a market cap of $470.84 million, a PE ratio of 9.96 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.83. First Financial has a 52-week low of $37.41 and a 52-week high of $53.05.

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

The company also recently announced a semiannual dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 17th will be paid a $0.52 dividend. This is an increase from First Financial’s previous semiannual dividend of $0.51. The ex-dividend date of this dividend is Friday, June 14th. First Financial’s payout ratio is presently 26.84%.

Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its stake in First Financial by 1,505.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,284 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,204 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in First Financial by 268.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the bank’s stock valued at $61,000 after purchasing an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in First Financial by 326.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,489 shares of the bank’s stock valued at $105,000 after purchasing an additional 1,905 shares during the last quarter. SG Americas Securities LLC acquired a new position in First Financial in the 1st quarter valued at about $111,000. Finally, Public Employees Retirement System of Ohio acquired a new position in First Financial in the 4th quarter valued at about $110,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

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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