First Financial Corporation Indiana (NASDAQ:THFF) Sets New 1-Year High – Time to Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.29 and last traded at $69.69, with a volume of 77019 shares traded. The stock had previously closed at $68.58.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on THFF shares. Keefe, Bruyette & Woods upped their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Corporation Indiana has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Stock Performance

The firm has a fifty day simple moving average of $65.42 and a 200-day simple moving average of $63.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The stock has a market cap of $828.61 million, a price-to-earnings ratio of 10.25 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. Analysts forecast that First Financial Corporation Indiana will post 7.32 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. First Financial Corporation Indiana’s payout ratio is presently 32.94%.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC raised its position in shares of First Financial Corporation Indiana by 0.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock valued at $1,370,000 after acquiring an additional 156 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of First Financial Corporation Indiana by 11.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock valued at $99,000 after acquiring an additional 167 shares during the last quarter. 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 valued at $303,000 after acquiring an additional 194 shares during the last quarter. State of Tennessee Department of Treasury raised its position in shares of First Financial Corporation Indiana by 2.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock valued at $597,000 after acquiring an additional 200 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of First Financial Corporation Indiana by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

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.