First Financial Corporation Indiana (NASDAQ:THFF) Lowered to “Hold” Rating by Zacks Research

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Financial Corporation Indiana presently has an average rating of “Hold” and an average target price of $60.00.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock opened at $61.80 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The company has a market cap of $732.33 million, a PE ratio of 9.90 and a beta of 0.42. The business’s fifty day simple moving average is $60.79 and its 200-day simple moving average is $57.63. First Financial Corporation Indiana has a 12-month low of $42.05 and a 12-month high of $65.79.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. The company had revenue of $65.75 million for the quarter, compared to the consensus estimate of $65.53 million. Analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of First Financial Corporation Indiana by 12.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,721 shares of the bank’s stock valued at $285,000 after purchasing an additional 529 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in First Financial Corporation Indiana by 932.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after purchasing an additional 90,813 shares in the last quarter. First Financial Corp IN grew its holdings in First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after acquiring an additional 19,784 shares during the period. Diversified Trust Co. purchased a new position in shares of First Financial Corporation Indiana in the 4th quarter valued at about $214,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in First Financial Corporation Indiana by 4.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,917 shares of the bank’s stock valued at $482,000 after buying an additional 346 shares in the last quarter. 72.74% of the stock is 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.