First Financial Corporation Indiana (NASDAQ:THFF) Sets New 12-Month High – Should You Buy?

First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.44 and last traded at $74.04, with a volume of 110936 shares trading hands. The stock had previously closed at $72.78.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on THFF. 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 note on Tuesday, May 5th. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Stock Up 1.7%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $880.34 million, a price-to-earnings ratio of 10.89 and a beta of 0.43. The firm’s 50 day simple moving average is $67.29 and its 200-day simple moving average is $64.47.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The company had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. As a group, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.56 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. First Financial Corporation Indiana’s dividend payout ratio is 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC boosted its stake in shares of First Financial Corporation Indiana by 0.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock worth $1,370,000 after buying an additional 156 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of First Financial Corporation Indiana by 11.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock worth $99,000 after buying an additional 167 shares during the period. Private Advisor Group LLC boosted its stake in shares of 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 worth $303,000 after buying an additional 194 shares during the period. State of Tennessee Department of Treasury boosted its stake in shares of First Financial Corporation Indiana by 2.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after buying an additional 200 shares during the period. Finally, First Trust Advisors LP boosted its stake 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 buying an additional 213 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

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.