First Financial Corporation Indiana (NASDAQ:THFF) Receives $58.00 Average PT from Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.00.

A number of equities analysts have weighed in on the company. Zacks Research raised First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Wednesday, November 5th. Wall Street Zen lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th.

Insider Buying and Selling

In related news, Director James O. Mcdonald purchased 2,295 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was purchased at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the completion of the purchase, the director directly owned 11,757 shares in the company, valued at $614,303.25. This trade represents a 24.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.69% of the company’s stock.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of First Financial Corporation Indiana in the third quarter valued at $27,000. MAI Capital Management acquired a new stake in First Financial Corporation Indiana in the second quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 468 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of First Financial Corporation Indiana by 175.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock worth $34,000 after purchasing an additional 377 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

THFF stock opened at $54.96 on Friday. The stock has a 50-day moving average price of $55.68 and a two-hundred day moving average price of $54.73. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $63.04. The stock has a market cap of $651.33 million, a PE ratio of 8.81 and a beta of 0.46. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.14. The company had revenue of $65.75 million for the quarter, compared to analyst estimates of $65.53 million. First Financial Corporation Indiana had a return on equity of 12.99% and a net margin of 21.70%. Equities analysts forecast that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is presently 32.69%.

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.