First Financial Corporation Indiana (NASDAQ:THFF) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) saw unusually-strong trading volume on Tuesday. 74,058 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 94,187 shares. The stock last traded at $73.1960 and had previously closed at $73.63.

Wall Street Analyst Weigh In

THFF has been the subject of several research reports. Keefe, Bruyette & Woods lifted their target price 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. Brean Capital cut shares of 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 report on Friday, August 7th. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research report on Friday, August 7th. Hovde Group started coverage on First Financial Corporation Indiana in a research note on Monday. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.25.

First Financial Corporation Indiana Price Performance

The company has a market cap of $868.09 million, a price-to-earnings ratio of 10.28 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. The company’s fifty day moving average price is $77.53 and its two-hundred day moving average price is $73.48.

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, topping analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. The business had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. On average, equities research analysts forecast that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $0.56 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 31.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in First Financial Corporation Indiana during the second quarter worth about $523,000. Engineers Gate Manager LP acquired a new position in First Financial Corporation Indiana during the second quarter valued at approximately $599,000. Integrated Wealth Concepts LLC bought a new position in First Financial Corporation Indiana in the second quarter valued at approximately $96,000. Allianz Asset Management GmbH bought a new position in First Financial Corporation Indiana in the second quarter valued at approximately $259,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in First Financial Corporation Indiana in the second quarter valued at approximately $366,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

About First Financial Corporation Indiana

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.