First Financial Corporation Indiana (NASDAQ:THFF) Sets New 1-Year High – Here’s Why

First Financial Corporation Indiana (NASDAQ:THFF)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $78.63 and last traded at $77.7960, with a volume of 13688 shares changing hands. The stock had previously closed at $77.44.

Analyst Upgrades and Downgrades

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

First Financial Corporation Indiana Stock Performance

The firm has a fifty day moving average price of $69.93 and a 200 day moving average price of $65.96. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The firm has a market cap of $930.68 million, a PE ratio of 11.52 and a beta of 0.43.

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, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. As a group, equities research analysts expect that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.56 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.9%. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THFF. EverSource Wealth Advisors LLC grew its holdings in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after purchasing an additional 468 shares during the period. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at 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 worth $85,000 after acquiring an additional 804 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of First Financial Corporation Indiana in the 3rd quarter worth approximately $89,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of First Financial Corporation Indiana by 16.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after purchasing an additional 216 shares during the period. Hedge funds and other 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.