First Financial Corporation Indiana (NASDAQ:THFF) Price Target Raised to $84.00

First Financial Corporation Indiana (NASDAQ:THFF) had its target price raised by Keefe, Bruyette & Woods from $78.00 to $84.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

Several other research analysts have also recently weighed in on the stock. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 7th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Raymond James Financial assumed coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $88.00.

First Financial Corporation Indiana Stock Performance

THFF opened at $79.24 on Friday. 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 market capitalization of $942.16 million, a PE ratio of 11.10 and a beta of 0.42. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $84.17. The firm has a 50-day moving average price of $78.46 and a two-hundred day moving average price of $70.65.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The company had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. As a group, equities analysts anticipate that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 31.37%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after acquiring an additional 468 shares during the period. Allworth Financial LP acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at $34,000. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at $47,000. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 804 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of First Financial Corporation Indiana in the 3rd quarter worth $89,000. 72.74% of the stock is currently 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.