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

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of analysts have recently weighed in on THFF shares. Keefe, Bruyette & Woods raised their price objective on 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. 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. Zacks Research downgraded shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th.

First Financial Corporation Indiana Trading Down 1.5%

THFF opened at $62.48 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The firm has a market cap of $740.39 million, a price-to-earnings ratio of 10.01 and a beta of 0.42. First Financial Corporation Indiana has a 12 month low of $42.05 and a 12 month high of $66.61. The stock has a fifty day moving average price of $61.69 and a 200-day moving average price of $57.93.

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

First Financial Corporation Indiana Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were given a $0.56 dividend. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, January 2nd. First Financial Corporation Indiana’s payout ratio is currently 35.90%.

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its position in First Financial Corporation Indiana by 881.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 101,335 shares of the bank’s stock worth $5,491,000 after purchasing an additional 91,005 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of First Financial Corporation Indiana by 932.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock worth $6,075,000 after buying an additional 90,813 shares during the last quarter. CSM Advisors LLC acquired a new stake in First Financial Corporation Indiana during the second quarter worth about $3,000,000. Vanguard Group Inc. raised its position in First Financial Corporation Indiana by 5.2% during the third quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock valued at $44,869,000 after acquiring an additional 39,046 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in First Financial Corporation Indiana by 321.2% in the third quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock valued at $2,687,000 after acquiring an additional 36,300 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

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.