First Financial Corporation Indiana (NASDAQ:THFF) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $71.23 and traded as high as $78.94. First Financial Corporation Indiana shares last traded at $77.88, with a volume of 113,823 shares changing hands.

Analyst Upgrades and Downgrades

THFF has been the subject of several analyst reports. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods lifted their target price on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, August 7th. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.00.

First Financial Corporation Indiana Trading Up 0.7%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $78.77 and its two-hundred day moving average price is $71.38. The firm has a market cap of $925.04 million, a PE ratio of 10.90 and a beta of 0.41.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. As a group, sell-side analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 2.9%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in First Financial Corporation Indiana by 400.0% during the second 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. Quantbot Technologies LP purchased a new position in First Financial Corporation Indiana in the second quarter worth $47,000. Integrated Wealth Concepts LLC acquired a new stake in First Financial Corporation Indiana in the second quarter valued at $96,000. Smartleaf Asset Management LLC lifted its holdings in First Financial Corporation Indiana by 135.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after acquiring an additional 804 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position 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 in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

About First Financial Corporation Indiana

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.