First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First Financial Corporation Indiana (NASDAQ:THFF) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $68.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 4.21% from the stock’s previous close.

A number of other analysts have also recently commented on THFF. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Zacks Research cut First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Price Performance

Shares of THFF stock traded up $1.70 during mid-day trading on Tuesday, reaching $67.17. The stock had a trading volume of 23,080 shares, compared to its average volume of 78,296. First Financial Corporation Indiana has a 12-month low of $49.70 and a 12-month high of $69.21. The company has a market cap of $798.64 million, a P/E ratio of 9.87 and a beta of 0.42. The business has a 50-day simple moving average of $64.19 and a 200 day simple moving average of $61.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.29.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. First Financial Corporation Indiana had a return on equity of 13.00% and a net margin of 22.82%. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.05 earnings per share for the current year.

Institutional Trading of First Financial Corporation Indiana

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in First Financial Corporation Indiana in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its stake 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 last quarter. Smartleaf Asset Management LLC boosted 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 worth $34,000 after buying an additional 377 shares during the last quarter. Quantbot Technologies LP acquired a new stake in First Financial Corporation Indiana in the 2nd quarter worth about $47,000. Finally, PNC Financial Services Group Inc. boosted its stake in First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after buying an additional 216 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

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.