First Financial Corporation Indiana (NASDAQ:THFF) Given Average Rating of “Hold” by Brokerages

First Financial Corporation Indiana (NASDAQ:THFF) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $88.00.

Several analysts have issued reports on the stock. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Raymond James Financial assumed coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upped their target price on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. Finally, Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, August 7th.

Institutional Trading of First Financial Corporation Indiana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised 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 valued at $32,000 after purchasing an additional 468 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana during the second quarter worth about $47,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 worth $85,000 after buying an additional 804 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of First Financial Corporation Indiana in the third quarter valued at approximately $89,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of First Financial Corporation Indiana by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock valued at $95,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $79.34 on Tuesday. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $84.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $78.76 and a 200-day simple moving average of $71.15. The company has a market capitalization of $943.35 million, a PE ratio of 11.11 and a beta of 0.41.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. On average, equities research analysts expect that First Financial Corporation Indiana will post 7.54 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

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.