First Financial Corporation Indiana (NASDAQ:THFF) Stock Passes Above 200 Day Moving Average – Time to Sell?

First Financial Corporation Indiana (NASDAQ:THFF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.90 and traded as high as $69.40. First Financial Corporation Indiana shares last traded at $67.61, with a volume of 101,743 shares traded.

Wall Street Analysts Forecast Growth

THFF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Trading Up 0.6%

The company has a 50 day moving average of $66.67 and a 200 day moving average of $64.04. 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 firm has a market cap of $845.14 million, a price-to-earnings ratio of 10.45 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The business had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. As a group, research analysts anticipate that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.2%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently bought and sold shares of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in First Financial Corporation Indiana by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock worth $334,000 after purchasing an additional 312 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in First Financial Corporation Indiana by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after purchasing an additional 1,666 shares in the last quarter. Jane Street Group LLC acquired a new position in First Financial Corporation Indiana in the first quarter worth $213,000. Legal & General Group Plc lifted its stake in shares of First Financial Corporation Indiana by 12.6% during the second quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock valued at $685,000 after acquiring an additional 1,417 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of First Financial Corporation Indiana by 2.8% during the second quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock valued at $967,000 after acquiring an additional 494 shares during the period. Institutional investors and hedge funds 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.