First Financial Corporation Indiana (NASDAQ:THFF) Sets New 52-Week High – Still a Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price reached a new 52-week high on Friday . The company traded as high as $71.80 and last traded at $71.3320, with a volume of 45438 shares traded. The stock had previously closed at $70.65.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THFF. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Price Performance

The stock’s 50-day moving average price is $66.50 and its 200 day moving average price is $63.99. The firm has a market cap of $854.30 million, a price-to-earnings ratio of 10.56 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $68.15 million during the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. Equities research analysts predict that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Institutional Trading of First Financial Corporation Indiana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after acquiring an additional 468 shares during the period. Smartleaf Asset Management LLC increased its stake in First Financial Corporation Indiana by 175.3% in the third quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after acquiring an additional 377 shares during the period. Quantbot Technologies LP bought a new stake in First Financial Corporation Indiana in the second quarter valued at about $47,000. PNC Financial Services Group Inc. increased its stake in First Financial Corporation Indiana by 16.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock valued at $95,000 after acquiring an additional 216 shares during the period. Finally, Advisory Services Network LLC bought a new stake in First Financial Corporation Indiana in the third quarter valued at about $89,000. Institutional investors own 72.74% of the company’s stock.

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.