First Financial price target raised to $35 from $31 at Truist

Truist raised the firm’s price target on First Financial to $35 from $31 and keeps a Hold rating on the shares as part of a broader research note recapping Q4 results in Community and Regional Banks. The firm’s revisions reflect stronger net interest income forecast following the Q4 beat, and the net interest income should increase through 2025 as strong loan growth is funded by securities cash flows, the analyst tells investors in a research note. First Financial’s balance sheet also leans liability sensitive, which should support continued expansion in a Fed cutting cycle, the firm added.