First Financial Corporation Indiana (NASDAQ:THFF) Receives Consensus Rating of “Hold” from Brokerages

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $86.00.

THFF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a report on Friday. Finally, Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating on the stock.

First Financial Corporation Indiana Price Performance

NASDAQ:THFF traded down $0.63 during trading hours on Friday, hitting $81.83. 13,909 shares of the stock traded hands, compared to its average volume of 89,435. The stock has a 50 day moving average price of $75.73 and a 200 day moving average price of $68.91. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $973.12 million, a price-to-earnings ratio of 11.46 and a beta of 0.42. First Financial Corporation Indiana has a 1 year low of $51.21 and a 1 year high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The firm had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%. Sell-side analysts forecast that First Financial Corporation Indiana will post 7.46 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.7%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is currently 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently made changes to their positions in THFF. EverSource Wealth Advisors LLC increased its stake in First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after buying an additional 468 shares during the period. Quantbot Technologies LP acquired a new position in First Financial Corporation Indiana during the 2nd quarter valued at about $47,000. Smartleaf Asset Management LLC raised its position in shares of First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after purchasing an additional 804 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of First Financial Corporation Indiana in the third quarter worth $89,000. Finally, PNC Financial Services Group Inc. raised 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 acquiring an additional 216 shares during the last quarter. 72.74% of the stock is currently owned by 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.