First Financial Corporation Indiana (NASDAQ:THFF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $60.00.

A number of research firms recently commented on THFF. Zacks Research raised First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Keefe, Bruyette & Woods upped 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 report on Thursday, October 30th. Finally, Wall Street Zen cut shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th.

Insider Buying and Selling at First Financial Corporation Indiana

In other First Financial Corporation Indiana news, Director James O. Mcdonald acquired 2,295 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was acquired at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the transaction, the director directly owned 11,757 shares in the company, valued at $614,303.25. This represents a 24.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in THFF. Private Advisor Group LLC boosted its stake in shares of First Financial Corporation Indiana by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock valued at $303,000 after purchasing an additional 194 shares in the last quarter. Country Trust Bank boosted its position in First Financial Corporation Indiana by 6.7% in the second quarter. Country Trust Bank now owns 3,200 shares of the bank’s stock valued at $173,000 after buying an additional 200 shares in the last quarter. First Trust Advisors LP boosted its position in First Financial Corporation Indiana by 1.9% in the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after buying an additional 213 shares in the last quarter. CWM LLC grew its stake in shares of First Financial Corporation Indiana by 2.4% during the second quarter. CWM LLC now owns 9,725 shares of the bank’s stock worth $527,000 after buying an additional 230 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of First Financial Corporation Indiana by 6.7% during the third quarter. Comerica Bank now owns 4,184 shares of the bank’s stock worth $236,000 after buying an additional 263 shares in the last quarter. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Trading Down 1.5%

Shares of NASDAQ:THFF opened at $59.52 on Friday. The business’s 50 day simple moving average is $59.17 and its 200 day simple moving average is $56.92. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $65.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $705.31 million, a P/E ratio of 9.54 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.14. The firm had revenue of $65.75 million during the quarter, compared to analysts’ expectations of $65.53 million. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%. On average, research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, January 2nd. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio is 32.69%.

About First Financial Corporation Indiana

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.