First Financial Corporation Indiana (NASDAQ:THFF) Announces Quarterly Earnings Results

First Financial Corporation Indiana (NASDAQ:THFF) released its quarterly earnings data on Tuesday. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12, FiscalAI reports. The firm had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%.

First Financial Corporation Indiana Stock Performance

Shares of THFF opened at $79.91 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $950.29 million, a price-to-earnings ratio of 11.75 and a beta of 0.42. The stock has a 50 day moving average of $73.96 and a 200 day moving average of $67.94. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $80.51.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday. Finally, Raymond James Financial started coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of THFF. Mercer Global Advisors Inc. ADV increased its holdings in First Financial Corporation Indiana by 8.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank’s stock worth $286,000 after acquiring an additional 371 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in First Financial Corporation Indiana by 2.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of First Financial Corporation Indiana in the fourth quarter worth about $400,000. Empowered Funds LLC raised its position in shares of First Financial Corporation Indiana by 10.7% in the fourth quarter. Empowered Funds LLC now owns 53,612 shares of the bank’s stock valued at $3,209,000 after purchasing an additional 5,202 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in shares of First Financial Corporation Indiana by 5.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 92,858 shares of the bank’s stock valued at $5,610,000 after purchasing an additional 5,086 shares during the period. 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.