First Financial Corporation Indiana Declares Quarterly Dividend of $0.56 (NASDAQ:THFF)

First Financial Corporation Indiana (NASDAQ:THFF) declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be given a dividend of 0.56 per share by the bank on Thursday, October 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, October 1st.

First Financial Corporation Indiana has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. First Financial Corporation Indiana has a payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Financial Corporation Indiana to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 28.1%.

First Financial Corporation Indiana Price Performance

Shares of First Financial Corporation Indiana stock opened at $77.09 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $78.93 and a 200-day moving average price of $71.83. The stock has a market cap of $916.60 million, a price-to-earnings ratio of 10.80 and a beta of 0.41. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. Equities analysts expect that First Financial Corporation Indiana will post 7.54 EPS for the current year.

Institutional Trading of First Financial Corporation Indiana

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of First Financial Corporation Indiana by 33.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock worth $8,492,000 after buying an additional 33,821 shares during the last quarter. LSV Asset Management lifted its position in First Financial Corporation Indiana by 4.0% during the fourth quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock valued at $24,293,000 after acquiring an additional 15,528 shares during the last quarter. Hsbc Holdings PLC boosted its stake in First Financial Corporation Indiana by 79.2% in the first quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank’s stock valued at $1,968,000 after acquiring an additional 13,619 shares in the last quarter. Ritholtz Wealth Management grew its holdings in First Financial Corporation Indiana by 28.0% in the first quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after purchasing an additional 11,988 shares during the last quarter. Finally, Cvfg LLC purchased a new position in First Financial Corporation Indiana in the first quarter worth $714,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, families, businesses, agricultural customers and public-sector organizations.

First Financial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial banking and treasury-management services. Its additional offerings include wealth management, trust and investment services, helping customers manage both everyday finances and long-term financial needs.

First Financial traces its history to 1834 and serves communities across western and central Indiana and eastern Illinois through a network of banking offices and digital channels.