First Financial Corporation Indiana (NASDAQ:THFF) Earns “Market Perform” Rating from Raymond James Financial

First Financial Corporation Indiana (NASDAQ:THFF)‘s stock had its “market perform” rating restated by equities research analysts at Raymond James Financial in a report issued on Thursday,Benzinga reports.

A number of other equities research analysts also recently commented on the company. Keefe, Bruyette & Woods increased their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Trading Down 1.3%

Shares of THFF stock opened at $74.74 on Thursday. The stock has a 50-day simple moving average of $71.16 and a 200 day simple moving average of $66.46. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $78.74. The stock has a market capitalization of $888.66 million, a P/E ratio of 10.99 and a beta of 0.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $68.15 million for the quarter, compared to the consensus estimate of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. On average, sell-side analysts expect that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in First Financial Corporation Indiana by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after purchasing an additional 30,481 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Financial Corporation Indiana by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after buying an additional 3,870 shares during the period. First Financial Corp IN grew its holdings in shares of First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after buying an additional 19,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in First Financial Corporation Indiana by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock valued at $29,918,000 after buying an additional 11,743 shares during the period. Finally, State Street Corp raised its position in First Financial Corporation Indiana by 0.3% during the fourth quarter. State Street Corp now owns 450,342 shares of the bank’s stock valued at $27,210,000 after buying an additional 1,332 shares during the period. Hedge funds and other institutional investors 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.