First Financial Corporation Indiana (NASDAQ:THFF) Given Consensus Rating of “Hold” by Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $60.00.

A number of research firms have recently issued reports on THFF. Wall Street Zen cut First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research lowered First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 valued at $49,875,000 after acquiring an additional 30,481 shares during the period. First Financial Corp IN lifted its position in First Financial Corporation Indiana by 3.2% in the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after purchasing an additional 19,784 shares during the last quarter. LSV Asset Management boosted its stake in shares of First Financial Corporation Indiana by 2.7% during the second quarter. LSV Asset Management now owns 394,733 shares of the bank’s stock valued at $21,391,000 after purchasing an additional 10,421 shares during the period. American Century Companies Inc. boosted 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 valued at $17,876,000 after purchasing an additional 31,992 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of First Financial Corporation Indiana by 3.4% in the second quarter. Geode Capital Management LLC now owns 300,464 shares of the bank’s stock worth $16,284,000 after purchasing an additional 9,829 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $67.69 on Thursday. The company’s fifty day moving average price is $62.50 and its 200-day moving average price is $58.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $802.13 million, a price-to-earnings ratio of 10.13 and a beta of 0.42. First Financial Corporation Indiana has a one year low of $42.05 and a one year high of $69.21.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.12. The company had revenue of $70.55 million during the quarter, compared to analyst estimates of $67.93 million. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.34%. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were paid a $0.56 dividend. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s payout ratio is presently 33.53%.

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.