First Financial Corporation Indiana (NASDAQ:THFF) Sets New 12-Month High – Should You Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price reached a new 52-week high on Thursday . The company traded as high as $74.44 and last traded at $74.04, with a volume of 110936 shares traded. The stock had previously closed at $72.78.

Analysts Set New Price Targets

A number of analysts have recently weighed in on THFF shares. Keefe, Bruyette & Woods upped their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Trading Up 1.7%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day moving average is $67.29 and its 200 day moving average is $64.47. The stock has a market cap of $880.34 million, a price-to-earnings ratio of 10.89 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS 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 the consensus estimate of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. As a group, equities analysts expect 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. Investors of record on Wednesday, April 1st were paid a dividend of $0.56 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. First Financial Corporation Indiana’s payout ratio is presently 32.94%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Institutional investors and hedge funds have recently modified their holdings of the company. First Financial Corp IN grew its stake in shares of First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after purchasing an additional 19,784 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of First Financial Corporation Indiana by 253.5% during the fourth quarter. Ritholtz Wealth Management now owns 42,859 shares of the bank’s stock worth $2,590,000 after purchasing an additional 30,734 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of First Financial Corporation Indiana by 932.7% during the fourth 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 in the last quarter. American Century Companies Inc. grew its stake in shares of First Financial Corporation Indiana by 11.2% during the third quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock worth $17,876,000 after purchasing an additional 31,992 shares in the last quarter. Finally, Tredje AP fonden acquired a new position in shares of First Financial Corporation Indiana during the third quarter worth $713,000. 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.