First Financial Corporation Indiana (NASDAQ:THFF) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of First Financial Corporation Indiana (NASDAQ:THFF) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on THFF. Keefe, Bruyette & Woods increased 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. Wall Street Zen lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $61.80 on Monday. The company has a market cap of $732.33 million, a price-to-earnings ratio of 9.90 and a beta of 0.42. The business has a 50 day moving average price of $60.79 and a 200 day moving average price of $57.63. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27. First Financial Corporation Indiana has a twelve month low of $42.05 and a twelve month high of $65.79.

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

First Financial Corporation Indiana Increases Dividend

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

Institutional Trading of First Financial Corporation Indiana

A number of institutional investors have recently bought and sold shares of THFF. Hillsdale Investment Management Inc. increased its stake in First Financial Corporation Indiana by 881.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 101,335 shares of the bank’s stock valued at $5,491,000 after purchasing an additional 91,005 shares in the last quarter. Allspring Global Investments Holdings LLC increased 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 worth $6,075,000 after acquiring an additional 90,813 shares in the last quarter. CSM Advisors LLC acquired a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth about $3,000,000. Vanguard Group Inc. boosted its stake in First Financial Corporation Indiana by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock valued at $44,869,000 after purchasing an additional 39,046 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in First Financial Corporation Indiana by 321.2% during the 3rd quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock valued at $2,687,000 after purchasing an additional 36,300 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

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.