First Financial price target raised to $39 from $31 at Truist

Truist analyst Brandon King raised the firm’s price target on First Financial to $39 from $31 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 earnings for Regional and Community banks. The firm continues to forecast net interest income increasing sequentially through 2025 as loan growth is funded by securities cash flows, and moreover, the company’s balance sheet is relatively neutral, which should support continued expansion in most interest rate scenarios, the analyst tells investors in a research note.