Zacks Research Downgrades First Financial Corporation Indiana (NASDAQ:THFF) to Hold

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.00.

First Financial Corporation Indiana Stock Performance

THFF opened at $61.80 on Monday. The stock’s 50 day simple moving average is $60.79 and its 200-day simple moving average is $57.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $732.33 million, a PE ratio of 9.90 and a beta of 0.42. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $65.79.

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

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in shares of First Financial Corporation Indiana in the 3rd quarter valued at approximately $27,000. MAI Capital Management acquired a new stake in First Financial Corporation Indiana in the second quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after acquiring an additional 468 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after acquiring an additional 377 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth about $47,000. 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.