First Financial Corporation Indiana (NASDAQ:THFF) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $88.00.

Several equities research analysts have weighed in on THFF shares. Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research note on Friday, August 7th.

First Financial Corporation Indiana Trading Up 1.4%

Shares of First Financial Corporation Indiana stock opened at $74.99 on Friday. The company has a market capitalization of $891.63 million, a price-to-earnings ratio of 10.50 and a beta of 0.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $84.17. The firm’s 50-day moving average price is $78.67 and its two-hundred day moving average price is $72.73.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. On average, analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at $96,000. PNC Financial Services Group Inc. raised its position in First Financial Corporation Indiana by 30.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock valued at $129,000 after purchasing an additional 479 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in First Financial Corporation Indiana during the 4th quarter worth approximately $175,000. Mosaic Family Wealth Partners LLC acquired a new position in shares of First Financial Corporation Indiana during the first quarter worth $222,000. Finally, Diversified Trust Co lifted its holdings in First Financial Corporation Indiana by 11.6% during the 1st quarter. Diversified Trust Co now owns 3,948 shares of the bank’s stock worth $250,000 after buying an additional 410 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation (NASDAQ: THFF) is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.