First Financial Corporation Indiana (NASDAQ:THFF) Shares Cross Above 200-Day Moving Average – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.82 and traded as high as $64.38. First Financial Corporation Indiana shares last traded at $64.22, with a volume of 77,658 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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 lowered 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 reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

First Financial Corporation Indiana Stock Down 0.9%

The company’s 50-day moving average is $63.97 and its two-hundred day moving average is $59.82. 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 cap of $761.01 million, a P/E ratio of 9.61 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.12. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.34%. The firm had revenue of $70.55 million during the quarter, compared to analysts’ expectations of $67.93 million. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.56 per share. This is a boost 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 3.5%. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s payout ratio is 33.53%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of hedge funds have recently made changes to their positions in THFF. Knights of Columbus Asset Advisors LLC purchased a new position in shares of First Financial Corporation Indiana during the 3rd quarter worth about $1,734,000. Acadian Asset Management LLC raised its position in First Financial Corporation Indiana by 2.3% in the 2nd quarter. Acadian Asset Management LLC now owns 201,495 shares of the bank’s stock worth $10,918,000 after purchasing an additional 4,613 shares during the period. Los Angeles Capital Management LLC lifted its stake in First Financial Corporation Indiana by 261.8% in the second quarter. Los Angeles Capital Management LLC now owns 23,983 shares of the bank’s stock worth $1,300,000 after purchasing an additional 17,355 shares during the last quarter. American Century Companies Inc. boosted its position in shares of First Financial Corporation Indiana by 10.5% during the second quarter. American Century Companies Inc. now owns 284,734 shares of the bank’s stock valued at $15,430,000 after buying an additional 27,040 shares during the period. Finally, First Financial Corp IN boosted its position in shares of First Financial Corporation Indiana by 5.5% during the third quarter. First Financial Corp IN now owns 619,115 shares of the bank’s stock valued at $34,943,000 after buying an additional 32,553 shares during the period. 72.74% of the stock is currently owned by hedge funds and other 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.