Alert: Rating Downgrade (8/9/24)-First Financial Corp/IN (NASDAQ: THFF).

Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for First Financial Corp/IN (NASDAQ: THFF) weakened in recent days. THFF’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.

Recent Price Action

First Financial Corp/IN (NASDAQ: THFF) stock declined slightly by -0.7% on 8/9/24. The stock closed at $40.56. However, trading volume in this decline was unusually low at 63% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.3% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, THFF is expected to continue to be a modest Value Builder.

First Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Financial has a good Appreciation Score of 82 but a slightly negative Power Rating of 35, producing the High Neutral Value Trend Rating.