First Financial Corporation Indiana (NASDAQ:THFF) Sets New 52-Week High – Still a Buy?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.80 and last traded at $71.3320, with a volume of 45438 shares changing hands. The stock had previously closed at $70.65.

Analyst Ratings Changes

Several research firms recently issued reports on THFF. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.00.

First Financial Corporation Indiana Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average is $66.50 and its 200-day moving average is $63.99. The firm has a market cap of $854.30 million, a price-to-earnings ratio of 10.56 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $68.15 million during the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. Sell-side analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a yield of 3.1%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in First Financial Corporation Indiana by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after acquiring an additional 30,481 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after acquiring an additional 3,870 shares during the last quarter. First Financial Corp IN lifted its position in First Financial Corporation Indiana by 3.2% during the 4th quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after acquiring an additional 19,784 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in First Financial Corporation Indiana by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock worth $29,918,000 after acquiring an additional 11,743 shares during the last quarter. Finally, State Street Corp lifted its position in First Financial Corporation Indiana by 0.3% during the 4th quarter. State Street Corp now owns 450,342 shares of the bank’s stock worth $27,210,000 after acquiring an additional 1,332 shares during the last quarter. Institutional investors and hedge funds 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.