Keefe, Bruyette & Woods Raises First Financial Corporation Indiana (NASDAQ:THFF) Price Target to $78.00

First Financial Corporation Indiana (NASDAQ:THFF) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $73.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 2.16% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

First Financial Corporation Indiana Stock Down 0.2%

NASDAQ:THFF opened at $79.72 on Thursday. The company’s 50-day simple moving average is $74.19 and its 200-day simple moving average is $68.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $80.95. The stock has a market capitalization of $947.87 million, a P/E ratio of 11.17 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.19%. The firm had revenue of $71.87 million during the quarter, compared to analyst estimates of $72.84 million. On average, equities analysts anticipate that First Financial Corporation Indiana will post 7.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of First Financial Corporation Indiana by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after buying an additional 468 shares during the period. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at $47,000. Smartleaf Asset Management LLC raised its stake in 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 purchased a new position in First Financial Corporation Indiana in the 3rd quarter worth $89,000. Finally, PNC Financial Services Group Inc. raised its stake in First Financial Corporation Indiana by 16.0% in the 4th 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 during the last quarter. Hedge funds and other institutional investors 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.