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

First Financial Corporation Indiana (NASDAQ:THFF) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $60.00.

Several brokerages have weighed in on THFF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted 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 report on Thursday, October 30th. Zacks Research downgraded shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Wall Street Zen cut First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $67.03 on Monday. First Financial Corporation Indiana has a twelve month low of $42.05 and a twelve month high of $69.21. The firm’s fifty day simple moving average is $63.90 and its 200 day simple moving average is $59.33. 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 capitalization of $794.31 million, a price-to-earnings ratio of 10.03 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. The business had revenue of $70.55 million during the quarter, compared to analyst estimates of $67.93 million. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.34%. As a group, equities research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The firm 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 3.3%. The ex-dividend date of this dividend was Friday, January 2nd. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 33.53%.

Institutional Trading of First Financial Corporation Indiana

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in First Financial Corporation Indiana during the third quarter worth about $27,000. MAI Capital Management bought a new position in First Financial Corporation Indiana during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $32,000 after acquiring an additional 468 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of First Financial Corporation Indiana by 175.3% during the third 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 First Financial Corporation Indiana during the 2nd quarter worth about $47,000. 72.74% of the stock is owned by institutional investors.

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.