First Financial Corporation Indiana (NASDAQ:THFF) Sees Large Volume Increase – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF) shares saw unusually-high trading volume on Wednesday . Approximately 64,131 shares traded hands during trading, an increase of 16% from the previous session’s volume of 55,421 shares.The stock last traded at $62.9550 and had previously closed at $63.28.

Wall Street Analyst Weigh In

THFF has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday. Zacks Research upgraded shares of First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

First Financial Corporation Indiana Trading Up 0.5%

The company has a fifty day simple moving average of $57.97 and a 200-day simple moving average of $56.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $742.69 million, a price-to-earnings ratio of 10.00 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. The company had revenue of $65.75 million during the quarter, compared to analysts’ expectations of $65.53 million. On average, research analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.56 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio is currently 32.69%.

Insider Activity at First Financial Corporation Indiana

In related news, Director James O. Mcdonald acquired 2,295 shares of the company’s stock in a transaction on Monday, October 13th. The shares were purchased at an average price of $52.25 per share, for a total transaction of $119,913.75. Following the purchase, the director owned 11,757 shares in the company, valued at $614,303.25. This represents a 24.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of First Financial Corporation Indiana

A number of institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in First Financial Corporation Indiana during the third quarter worth $27,000. MAI Capital Management acquired a new stake in First Financial Corporation Indiana in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 468 shares during the period. Smartleaf Asset Management LLC grew its holdings in First Financial Corporation Indiana by 175.3% during the third quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after purchasing an additional 377 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of First Financial Corporation Indiana in the second quarter valued at approximately $47,000. 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.