First Financial Corporation Indiana (NASDAQ:THFF) Sees Strong Trading Volume – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF) saw unusually-high trading volume on Friday . Approximately 124,820 shares changed hands during mid-day trading, an increase of 165% from the previous session’s volume of 47,017 shares.The stock last traded at $64.0940 and had previously closed at $62.48.

Wall Street Analyst Weigh In

Several research firms have issued reports on THFF. Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Zacks Research cut shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.00.

First Financial Corporation Indiana Price Performance

The firm has a market capitalization of $772.15 million, a price-to-earnings ratio of 10.44 and a beta of 0.42. The stock’s fifty day moving average price is $62.01 and its two-hundred day moving average price is $58.04. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

First Financial Corporation Indiana Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 35.90%.

Institutional Inflows and Outflows

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

First Financial Corporation Indiana Company Profile

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.