First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 52-Week High – Should You Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $75.80 and last traded at $75.6140, with a volume of 2609 shares changing hands. The stock had previously closed at $75.12.

Wall Street Analyst Weigh In

THFF has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on 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 raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Price Performance

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 stock has a 50 day simple moving average of $68.90 and a 200-day simple moving average of $65.42. The firm has a market cap of $898.11 million, a PE ratio of 11.14 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data 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 the consensus estimate of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. Equities analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 3.0%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after buying an additional 468 shares in the last quarter. Quantbot Technologies LP purchased a new position in First Financial Corporation Indiana during the second quarter valued at $47,000. Smartleaf Asset Management LLC grew its stake in First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after acquiring an additional 804 shares in the last quarter. Advisory Services Network LLC bought a new stake in First Financial Corporation Indiana in the 3rd quarter valued at $89,000. Finally, PNC Financial Services Group Inc. lifted its stake in First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after purchasing an additional 216 shares in the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

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.