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

First Financial Corporation Indiana (NASDAQ:THFF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.21 and last traded at $69.3130, with a volume of 74925 shares. The stock had previously closed at $68.19.

Analyst Ratings Changes

Several equities analysts have recently issued reports on THFF shares. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Stock Down 1.1%

The firm has a market cap of $815.42 million, a price-to-earnings ratio of 10.09 and a beta of 0.42. The stock’s 50 day moving average is $65.11 and its 200 day moving average is $63.11. 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 earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The business had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. Analysts forecast that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.56 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased its stake in shares of First Financial Corporation Indiana by 0.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock worth $1,370,000 after acquiring an additional 156 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in 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 valued at $99,000 after purchasing an additional 167 shares during the last quarter. Private Advisor Group LLC boosted its position in 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 valued at $303,000 after purchasing an additional 194 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in First Financial Corporation Indiana by 2.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock valued at $597,000 after purchasing an additional 200 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in First Financial Corporation Indiana by 1.9% in the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after purchasing an additional 213 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

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.