First Financial Corporation Indiana (NASDAQ:THFF) Short Interest Update

First Financial Corporation Indiana (NASDAQ:THFF) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 229,095 shares, a growth of 31.1% from the February 26th total of 174,755 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 68,472 shares, the days-to-cover ratio is currently 3.3 days.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $61.93 on Friday. The company has a market capitalization of $736.47 million, a P/E ratio of 9.27 and a beta of 0.42. The business has a fifty day simple moving average of $64.12 and a two-hundred day simple moving average of $60.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $69.21.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly 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. The firm had revenue of $70.55 million for the quarter, compared to analysts’ expectations of $67.93 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%. On average, analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on THFF shares. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several large investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of First Financial Corporation Indiana in the third quarter valued at approximately $27,000. MAI Capital Management bought a new position in First Financial Corporation Indiana in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in 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 buying an additional 468 shares during the period. Smartleaf Asset Management LLC grew its stake 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 buying an additional 377 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in First Financial Corporation Indiana during the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

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.