First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $60.23 and traded as high as $63.12. First Financial Corporation Indiana shares last traded at $62.52, with a volume of 52,415 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on THFF. Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Zacks Research lowered shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, First Financial Corporation Indiana has a consensus rating of “Hold” and an average target price of $62.00.

First Financial Corporation Indiana Stock Up 0.2%

The firm has a 50-day moving average of $64.14 and a two-hundred day moving average of $60.23. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $743.49 million, a PE ratio of 9.36 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, February 3rd. The bank reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%.The company had revenue of $70.55 million for the quarter, compared to the consensus estimate of $67.93 million. Equities research analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, April 1st. First Financial Corporation Indiana’s payout ratio is 33.53%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in shares of First Financial Corporation Indiana in the 3rd quarter valued at approximately $27,000. MAI Capital Management purchased a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after purchasing an additional 468 shares during the period. Smartleaf Asset Management LLC increased its holdings in First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after purchasing an additional 377 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in First Financial Corporation Indiana in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors 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.