First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 12-Month High – Here’s Why

First Financial Corporation Indiana (NASDAQ:THFF)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $84.17 and last traded at $82.7110, with a volume of 13072 shares. The stock had previously closed at $82.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on THFF shares. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on shares of 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. Capital One Financial set a $90.00 target price on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Raymond James Financial assumed coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.00.

First Financial Corporation Indiana Stock Down 0.2%

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $77.19 and a 200-day simple moving average of $69.67. The company has a market cap of $973.86 million, a price-to-earnings ratio of 11.49 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $71.83 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. As a group, analysts predict that First Financial Corporation Indiana will post 7.59 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

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

Hedge Funds Weigh In On First Financial Corporation Indiana

Large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC grew its position in First Financial Corporation Indiana by 0.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock valued at $1,370,000 after purchasing an additional 156 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in First Financial Corporation Indiana by 11.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock worth $99,000 after buying an additional 167 shares in the last quarter. Private Advisor Group LLC lifted its position in First Financial Corporation Indiana by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after buying an additional 194 shares in the last quarter. State of Tennessee Department of Treasury boosted its stake 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 buying an additional 200 shares during the period. Finally, First Trust Advisors LP boosted its stake 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 buying an additional 213 shares during the period. Institutional investors and hedge funds 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.