First Financial Corporation Indiana (NASDAQ:THFF) Announces Earnings Results, Beats Expectations By $0.12 EPS

First Financial Corporation Indiana (NASDAQ:THFF) posted its quarterly earnings data on Tuesday. The bank reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.12, FiscalAI reports. The business had revenue of $70.55 million for the quarter, compared to analysts’ expectations of $67.93 million. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ:THFF traded up $0.96 during midday trading on Tuesday, reaching $66.85. 108,116 shares of the company traded hands, compared to its average volume of 62,662. The firm’s fifty day moving average price is $62.18 and its two-hundred day moving average price is $58.12. The firm has a market capitalization of $792.11 million, a price-to-earnings ratio of 10.71 and a beta of 0.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27. First Financial Corporation Indiana has a 12 month low of $42.05 and a 12 month high of $66.95.

First Financial Corporation Indiana Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 35.90%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on THFF. Wall Street Zen downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Zacks Research downgraded First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC grew its stake in First Financial Corporation Indiana by 3.8% during the third quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock valued at $303,000 after acquiring an additional 194 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Financial Corporation Indiana by 1.9% during the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after purchasing an additional 213 shares in the last quarter. Comerica Bank lifted its position in First Financial Corporation Indiana by 6.7% during the third quarter. Comerica Bank now owns 4,184 shares of the bank’s stock valued at $236,000 after purchasing an additional 263 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of First Financial Corporation Indiana by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 15,094 shares of the bank’s stock worth $818,000 after buying an additional 300 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Financial Corporation Indiana by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock worth $334,000 after acquiring an additional 312 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors.

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.