First Financial Corporation Indiana (NASDAQ:THFF) Stock Rating Lowered by Brean Capital

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by analysts at Brean Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $90.00 target price on the bank’s stock. Brean Capital’s target price indicates a potential upside of 9.14% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective 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. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.00.

First Financial Corporation Indiana Trading Up 0.1%

Shares of First Financial Corporation Indiana stock opened at $82.46 on Friday. The firm has a market cap of $980.61 million, a price-to-earnings ratio of 11.55 and a beta of 0.42. The business has a 50-day moving average price of $75.73 and a 200-day moving average price of $68.91. 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 has a twelve month low of $51.21 and a twelve month high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%.The company had revenue of $71.83 million for the quarter, compared to the consensus estimate of $72.84 million. Equities research analysts anticipate that First Financial Corporation Indiana will post 7.46 EPS for the current fiscal year.

Institutional Trading of First Financial Corporation Indiana

Several hedge funds and other institutional investors have recently bought and sold shares of THFF. EverSource Wealth Advisors LLC lifted 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 buying an additional 468 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana in the second quarter valued at $47,000. Smartleaf Asset Management LLC lifted its holdings in shares of First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock worth $85,000 after acquiring an additional 804 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of First Financial Corporation Indiana in the 3rd quarter worth about $89,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of First Financial Corporation Indiana by 16.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after purchasing an additional 216 shares during the period. Hedge funds and other 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.