First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.46 and traded as high as $75.93. First Financial Corporation Indiana shares last traded at $74.74, with a volume of 92,814 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on THFF. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Trading Down 0.3%

The company has a 50 day moving average of $71.53 and a two-hundred day moving average of $66.60. The stock has a market capitalization of $894.37 million, a PE ratio of 11.06 and a beta of 0.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The company had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. Sell-side analysts predict that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 32.94%.

Institutional Trading of First Financial Corporation Indiana

Several large investors have recently bought and sold shares of THFF. Los Angeles Capital Management LLC raised its holdings in shares of First Financial Corporation Indiana by 0.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock worth $1,370,000 after buying an additional 156 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of First Financial Corporation Indiana by 11.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock valued at $99,000 after buying an additional 167 shares during the last quarter. Private Advisor Group LLC increased its position in shares of First Financial Corporation Indiana by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock valued at $303,000 after acquiring an additional 194 shares during the period. State of Tennessee Department of Treasury increased its position in shares of First Financial Corporation Indiana by 2.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock valued at $597,000 after acquiring an additional 200 shares during the period. Finally, First Trust Advisors LP raised its stake in First Financial Corporation Indiana by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

About First Financial Corporation Indiana

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.