First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, July 11th.

According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “

Several other equities analysts also recently weighed in on the company. ValuEngine raised First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods set a $45.00 price objective on First Financial Corporation Indiana and gave the company a “neutral” rating in a research note on Wednesday, March 22nd.

Shares of First Financial Corporation Indiana (NASDAQ:THFF) traded down 0.65% during mid-day trading on Tuesday, hitting $45.55. 12,998 shares of the stock were exchanged. The firm has a market cap of $556.76 million, a P/E ratio of 16.24 and a beta of 0.84. The stock’s 50 day moving average is $47.42 and its 200 day moving average is $47.37. First Financial Corporation Indiana has a 12 month low of $38.98 and a 12 month high of $53.49.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, July 25th. The bank reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $34.67 million for the quarter, compared to analysts’ expectations of $35.15 million. First Financial Corporation Indiana had a return on equity of 8.06% and a net margin of 23.36%. Analysts expect that First Financial Corporation Indiana will post $2.70 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in THFF. Ladenburg Thalmann Financial Services Inc. boosted its stake in First Financial Corporation Indiana by 1.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,094 shares of the bank’s stock valued at $110,000 after buying an additional 22 shares during the period. SG Americas Securities LLC acquired a new stake in First Financial Corporation Indiana during the second quarter valued at about $102,000. Bank of America Corp DE boosted its stake in First Financial Corporation Indiana by 7.3% in the first quarter. Bank of America Corp DE now owns 3,194 shares of the bank’s stock valued at $152,000 after buying an additional 216 shares during the period. Bank of Montreal Can boosted its stake in First Financial Corporation Indiana by 2.7% in the first quarter. Bank of Montreal Can now owns 3,877 shares of the bank’s stock valued at $184,000 after buying an additional 101 shares during the period. Finally, Carroll Financial Associates Inc. acquired a new stake in First Financial Corporation Indiana during the second quarter valued at about $199,000. 53.91% of the stock is owned by institutional investors.

About First Financial Corporation Indiana

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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