First Financial Corporation Indiana (NASDAQ:THFF) Hits New 52-Week High on Earnings Beat

First Financial Corporation Indiana (NASDAQ:THFF) hit a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $79.27 and last traded at $79.4340, with a volume of 945 shares. The stock had previously closed at $77.51.

The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on THFF shares. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods lifted 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. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after purchasing an additional 468 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $47,000. Smartleaf Asset Management LLC lifted its holdings in shares of First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after buying an additional 804 shares during the period. Advisory Services Network LLC purchased a new position in First Financial Corporation Indiana in the third quarter worth $89,000. Finally, PNC Financial Services Group Inc. raised its position 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 worth $95,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Trading Up 2.0%

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $73.69 and a 200 day simple moving average of $67.80. The company has a market cap of $941.90 million, a price-to-earnings ratio of 11.65 and a beta of 0.42.

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.