First Financial price target raised to $32 from $30 at Stephens

Stephens raised the firm’s price target on First Financial to $32 from $30 and keeps an Equal Weight rating on the shares. Q4 results were “highlighted by impressive NIM trends,” says the analyst, who thinks net interest margin has additional tailwinds that can continue into 2024 and that the bank can benefit from remixing earning assets while seeing moderating pressure on deposit costs.