KBW Maintains $4.50 Target On FFKY

KBW is maintaining its $4.50 PT on shares of First Financial Service Corp.

. “FFKY's fourth quarter results fell far short of both the Street and our estimate, largely due to a ($0.94)/shr write down of its DTA and elevated credit costs,” KBW writes. “TCE fell 120 bps to 3.91% and TBV fell to $10.92.” First Financial Service closed Monday at $3.96.