First Financial Corporation Indiana (NASDAQ:THFF) Short Interest Update

First Financial Corporation Indiana (NASDAQ:THFF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 229,095 shares, a growth of 31.1% from the February 26th total of 174,755 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 68,472 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on THFF shares. Zacks Research lowered shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of First Financial Corporation Indiana during the third quarter valued at approximately $27,000. MAI Capital Management purchased a new position in First Financial Corporation Indiana in the second quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after purchasing an additional 468 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after purchasing an additional 377 shares during the period. Finally, Quantbot Technologies LP bought a new position in First Financial Corporation Indiana in the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

THFF opened at $61.93 on Friday. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $69.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $736.47 million, a price-to-earnings ratio of 9.27 and a beta of 0.42. The firm’s fifty day moving average price is $64.12 and its two-hundred day moving average price is $60.28.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, February 3rd. The bank reported $1.81 EPS for the quarter, beating the consensus estimate of $1.69 by $0.12. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.02%. The company had revenue of $70.55 million during the quarter, compared to the consensus estimate of $67.93 million. As a group, analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.56 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.6%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 33.53%.

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.