First Financial Corporation Indiana (NASDAQ:THFF) Downgraded to “Hold” Rating by Wall Street Zen

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Raymond James Financial reaffirmed a “market perform” rating on shares of First Financial Corporation Indiana in a research report on Tuesday.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ THFF opened at $55.59 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $52.65 and its two-hundred day moving average is $49.66. The company has a market cap of $658.74 million, a P/E ratio of 12.03 and a beta of 0.43. First Financial Corporation Indiana has a 12 month low of $38.87 and a 12 month high of $57.43.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.55 EPS for the quarter, topping the consensus estimate of $1.29 by $0.26. The company had revenue of $62.49 million for the quarter, compared to the consensus estimate of $62.04 million. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. On average, equities analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

Institutional Trading of First Financial Corporation Indiana

Institutional investors have recently modified their holdings of the company. Martingale Asset Management L P boosted its stake in First Financial Corporation Indiana by 0.4% in the 4th quarter. Martingale Asset Management L P now owns 46,048 shares of the bank’s stock valued at $2,127,000 after buying an additional 203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in First Financial Corporation Indiana by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank’s stock valued at $301,000 after buying an additional 266 shares in the last quarter. Sterling Capital Management LLC boosted its stake in First Financial Corporation Indiana by 4.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,979 shares of the bank’s stock valued at $322,000 after buying an additional 327 shares in the last quarter. Wedge Capital Management L L P NC raised its position in First Financial Corporation Indiana by 3.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 15,802 shares of the bank’s stock valued at $856,000 after purchasing an additional 596 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in First Financial Corporation Indiana by 2.4% in the 1st quarter. Legato Capital Management LLC now owns 27,081 shares of the bank’s stock valued at $1,326,000 after purchasing an additional 634 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.