First Financial Corporation Indiana (NASDAQ:THFF) Plans $0.56 Quarterly Dividend

First Financial Corporation Indiana (NASDAQ:THFF) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.56 per share by the bank on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, April 1st.

First Financial Corporation Indiana has increased its dividend payment by an average of 0.1%annually 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. Analysts expect First Financial Corporation Indiana to earn $5.94 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 37.7%.

First Financial Corporation Indiana Stock Down 2.1%

Shares of First Financial Corporation Indiana stock traded down $1.29 during trading on Wednesday, reaching $60.29. The company’s stock had a trading volume of 57,579 shares, compared to its average volume of 72,440. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.29. The company has a market cap of $716.85 million, a price-to-earnings ratio of 9.03 and a beta of 0.42. First Financial Corporation Indiana has a 1-year low of $42.05 and a 1-year high of $69.21. The company has a 50-day simple moving average of $64.12 and a two-hundred day simple moving average of $60.14.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%.The company had revenue of $70.55 million for the quarter, compared to analyst estimates of $67.93 million. As a group, equities analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on THFF shares. Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Zacks Research cut shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.00.

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.