First Financial Corporation Indiana (NASDAQ:THFF) Hits New 1-Year High – Here’s Why

First Financial Corporation Indiana (NASDAQ:THFF) shares hit a new 52-week high during trading on Monday . The company traded as high as $82.75 and last traded at $81.9840, with a volume of 3458 shares changing hands. The stock had previously closed at $80.84.

Analyst Ratings Changes

Several brokerages have issued reports on THFF. Raymond James Financial began coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and an average price target of $78.00.

First Financial Corporation Indiana Stock Performance

The stock’s 50-day simple moving average is $75.20 and its 200-day simple moving average is $68.63. The stock has a market cap of $984.37 million, a price-to-earnings ratio of 11.60 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. The company had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.19%. Analysts forecast that First Financial Corporation Indiana will post 7.46 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a yield of 2.7%. First Financial Corporation Indiana’s payout ratio is currently 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several large investors have recently modified their holdings of THFF. Empowered Funds LLC raised its stake in First Financial Corporation Indiana by 8.0% in the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock valued at $3,626,000 after purchasing an additional 4,282 shares in the last quarter. Quantinno Capital Management LP grew its stake in First Financial Corporation Indiana by 62.0% during the first quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock worth $1,474,000 after buying an additional 8,921 shares in the last quarter. Renaissance Technologies LLC increased its holdings in First Financial Corporation Indiana by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after buying an additional 9,500 shares during the period. First Trust Advisors LP increased its holdings in First Financial Corporation Indiana by 1.7% in the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after buying an additional 823 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock valued at $129,000 after buying an additional 479 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

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.