First Financial Corporation Indiana (NASDAQ:THFF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Financial Corporation Indiana (NASDAQ:THFF) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Brean Capital downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, August 7th. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Keefe, Bruyette & Woods increased their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Finally, Hovde Group started coverage on shares of First Financial Corporation Indiana in a research report on Monday, October 12th. They set an “outperform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana presently has a consensus rating of “Moderate Buy” and an average target price of $87.25.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ THFF opened at $78.48 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $933.13 million, a price-to-earnings ratio of 10.19 and a beta of 0.44. The stock’s fifty day moving average price is $76.26 and its two-hundred day moving average price is $71.31. First Financial Corporation Indiana has a one year low of $52.45 and a one year high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, October 27th. The bank reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.28. The company had revenue of $74.96 million during the quarter, compared to the consensus estimate of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. On average, equities analysts forecast that First Financial Corporation Indiana will post 7.54 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 2.9%. First Financial Corporation Indiana’s payout ratio is currently 29.09%.

Institutional Trading of First Financial Corporation Indiana

Institutional investors have recently modified their holdings of the stock. Burney Co. increased its holdings in First Financial Corporation Indiana by 3.2% in the 1st quarter. Burney Co. now owns 6,945 shares of the bank’s stock valued at $439,000 after buying an additional 215 shares during the period. PNC Financial Services Group Inc. raised its position in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock valued at $129,000 after buying an additional 479 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of First Financial Corporation Indiana by 13.3% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,351 shares of the bank’s stock worth $338,000 after acquiring an additional 630 shares during the period. First Trust Advisors LP lifted its holdings in shares of First Financial Corporation Indiana by 1.7% during the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock worth $3,121,000 after acquiring an additional 823 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of First Financial Corporation Indiana by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank’s stock worth $4,936,000 after acquiring an additional 909 shares during the period. 72.74% of the stock is currently owned by institutional investors.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.