First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $57.59 and traded as high as $63.25. First Financial Corporation Indiana shares last traded at $62.75, with a volume of 35,323 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on THFF shares. Wall Street Zen downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Zacks Research upgraded shares of First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

First Financial Corporation Indiana Trading Down 0.7%

The stock’s 50-day simple moving average is $60.68 and its two-hundred day simple moving average is $57.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $743.59 million, a P/E ratio of 10.06 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, October 28th. The bank reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.14. The company had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $65.53 million. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. Equities research analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio is currently 35.90%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in THFF. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in First Financial Corporation Indiana by 12.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,721 shares of the bank’s stock worth $285,000 after purchasing an additional 529 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of First Financial Corporation Indiana by 932.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after buying an additional 90,813 shares during the last quarter. First Financial Corp IN lifted its holdings in shares of First Financial Corporation Indiana by 3.2% in the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after buying an additional 19,784 shares in the last quarter. Diversified Trust Co. purchased a new position in shares of First Financial Corporation Indiana in the fourth quarter worth $214,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of First Financial Corporation Indiana by 4.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,917 shares of the bank’s stock worth $482,000 after acquiring an additional 346 shares during the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.