First Financial Corporation Indiana (NASDAQ:THFF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been given an average recommendation of “Hold” by the four research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $62.00.

THFF has been the topic of a number of recent research reports. 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 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 downgraded First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th.

Institutional Investors Weigh In On First Financial Corporation Indiana

Large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. lifted its stake 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 worth $5,491,000 after buying an additional 91,005 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of First Financial Corporation Indiana by 932.7% during the 4th 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. JPMorgan Chase & Co. grew its holdings in First Financial Corporation Indiana by 43.2% in the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock valued at $12,471,000 after buying an additional 62,239 shares during the last quarter. CSM Advisors LLC acquired a new position in shares of First Financial Corporation Indiana during the second quarter worth approximately $3,000,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of First Financial Corporation Indiana by 223.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock valued at $3,988,000 after acquiring an additional 45,606 shares during the period. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock opened at $63.36 on Monday. The company’s fifty day simple moving average is $63.90 and its 200-day simple moving average is $59.69. The company has a market cap of $750.82 million, a PE ratio of 9.49 and a beta of 0.42. First Financial Corporation Indiana has a 52 week low of $42.05 and a 52 week high of $69.21. 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 (NASDAQ:THFF) last posted its earnings results on Tuesday, February 3rd. The bank reported $1.81 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $70.55 million for the quarter, compared to analysts’ expectations of $67.93 million. As a group, equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.56 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.24 annualized dividend and a dividend yield of 3.5%. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio is presently 33.53%.

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.