First Financial Corporation Indiana (THFF) to Issue Quarterly Dividend of $0.56 on July 15th

First Financial Corporation Indiana (NASDAQ:THFF) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.56 per share by the bank on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, July 1st.

First Financial Corporation Indiana has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. First Financial Corporation Indiana has a payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Analysts expect First Financial Corporation Indiana to earn $7.60 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 29.5%.

First Financial Corporation Indiana Stock Up 0.3%

Shares of First Financial Corporation Indiana stock opened at $73.07 on Friday. The stock’s 50-day moving average is $68.47 and its 200 day moving average is $65.12. First Financial Corporation Indiana has a one year low of $50.67 and a one year high of $75.61. The firm has a market cap of $868.80 million, a price-to-earnings ratio of 10.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87.

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

Hedge Funds Weigh In On First Financial Corporation Indiana

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its stake in shares of First Financial Corporation Indiana by 8.0% in the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock worth $3,626,000 after purchasing an additional 4,282 shares during the last quarter. Quantinno Capital Management LP raised its position in First Financial Corporation Indiana by 62.0% in the 1st quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock valued at $1,474,000 after buying an additional 8,921 shares during the last quarter. Renaissance Technologies LLC raised its position in First Financial Corporation Indiana by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after buying an additional 9,500 shares during the last quarter. First Trust Advisors LP lifted its stake in First Financial Corporation Indiana by 1.7% during the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after acquiring an additional 823 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after acquiring an additional 479 shares in the last quarter. Institutional investors 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.