First Financial Corporation Indiana (NASDAQ:THFF) Share Price Passes Above 200-Day Moving Average – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $60.51 and traded as high as $64.79. First Financial Corporation Indiana shares last traded at $64.07, with a volume of 78,288 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Friday, March 27th. Zacks Research downgraded First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.00.

First Financial Corporation Indiana Stock Up 3.2%

The firm has a market capitalization of $789.73 million, a price-to-earnings ratio of 9.94 and a beta of 0.40. The business has a 50 day simple moving average of $64.22 and a 200-day simple moving average of $60.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%.The business had revenue of $70.55 million during the quarter, compared to the consensus estimate of $67.93 million. On average, equities analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 33.53%.

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its stake in shares of First Financial Corporation Indiana by 8.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank’s stock worth $286,000 after acquiring an additional 371 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of First Financial Corporation Indiana by 2.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after acquiring an additional 200 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of First Financial Corporation Indiana in the 4th quarter worth $400,000. Empowered Funds LLC increased its stake in shares of First Financial Corporation Indiana by 10.7% in the 4th quarter. Empowered Funds LLC now owns 53,612 shares of the bank’s stock worth $3,209,000 after acquiring an additional 5,202 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of First Financial Corporation Indiana by 5.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 92,858 shares of the bank’s stock worth $5,610,000 after purchasing an additional 5,086 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.