First Financial Corporation Indiana (NASDAQ:THFF) Sets New 12-Month High – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.38 and last traded at $66.3950, with a volume of 14576 shares traded. The stock had previously closed at $65.63.

Analysts Set New Price Targets

Several research firms have recently weighed in on THFF. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research downgraded First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.00.

First Financial Corporation Indiana Stock Up 0.8%

The firm’s 50-day moving average price is $60.95 and its 200 day moving average price is $57.68. The firm has a market cap of $783.58 million, a P/E ratio of 10.60 and a beta of 0.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%.The business had revenue of $65.75 million during the quarter, compared to the consensus estimate of $65.53 million. As a group, research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a dividend of $0.56 per share. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 35.90%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Large investors have recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of First Financial Corporation Indiana by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after buying an additional 194 shares in the last quarter. Country Trust Bank increased its stake in shares of First Financial Corporation Indiana by 6.7% during the second quarter. Country Trust Bank now owns 3,200 shares of the bank’s stock valued at $173,000 after acquiring an additional 200 shares during the period. First Trust Advisors LP raised its holdings in First Financial Corporation Indiana by 1.9% during the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after purchasing an additional 213 shares in the last quarter. CWM LLC lifted its position in First Financial Corporation Indiana by 2.4% in the second quarter. CWM LLC now owns 9,725 shares of the bank’s stock worth $527,000 after purchasing an additional 230 shares during the period. Finally, Comerica Bank boosted its stake in First Financial Corporation Indiana by 6.7% during the 3rd quarter. Comerica Bank now owns 4,184 shares of the bank’s stock valued at $236,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

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.