First Financial Corporation Indiana (THFF) to Issue Quarterly Dividend of $0.56 on July 15th

First Financial Corporation Indiana (NASDAQ:THFF) declared a quarterly dividend on Tuesday, June 16th. Investors of record on Wednesday, July 1st will be given a dividend of 0.56 per share by the bank on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Financial Corporation Indiana has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. First Financial Corporation Indiana has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Financial Corporation Indiana to earn $7.60 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 29.5%.

First Financial Corporation Indiana Stock Performance

Shares of First Financial Corporation Indiana stock opened at $77.66 on Monday. 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 has a twelve month low of $51.21 and a twelve month high of $78.36. The firm has a market capitalization of $923.38 million, a PE ratio of 11.42 and a beta of 0.43. The firm’s 50-day moving average price is $69.50 and its 200 day moving average price is $65.75.

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

Analysts Set New Price Targets

Several brokerages recently commented on THFF. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and an average price target of $70.00.

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.