First Financial Corporation Indiana (NASDAQ:THFF) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

First Financial Corporation Indiana (NASDAQ:THFF) released its quarterly earnings results on Tuesday. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.12, FiscalAI reports. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The business had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million.

First Financial Corporation Indiana Price Performance

THFF stock opened at $78.79 on Tuesday. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $78.74. The stock’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $67.80. 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 stock has a market capitalization of $936.81 million, a price-to-earnings ratio of 11.42 and a beta of 0.42.

First Financial Corporation Indiana Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on THFF. Keefe, Bruyette & Woods increased 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. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in First Financial Corporation Indiana by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock worth $44,869,000 after buying an additional 39,046 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of First Financial Corporation Indiana by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock valued at $29,918,000 after acquiring an additional 11,743 shares during the last quarter. State Street Corp lifted its holdings in shares of First Financial Corporation Indiana by 0.3% during the 4th quarter. State Street Corp now owns 450,342 shares of the bank’s stock worth $27,210,000 after acquiring an additional 1,332 shares during the period. Geode Capital Management LLC lifted its holdings in shares of First Financial Corporation Indiana by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 322,778 shares of the bank’s stock worth $19,507,000 after acquiring an additional 8,900 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of First Financial Corporation Indiana by 4.4% in the fourth quarter. AQR Capital Management LLC now owns 233,203 shares of the bank’s stock worth $14,090,000 after acquiring an additional 9,770 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

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.