First Financial Corporation Indiana (NASDAQ:THFF) Stock Crosses Above Two Hundred Day Moving Average on Analyst Downgrade

First Financial Corporation Indiana (NASDAQ:THFF) shares crossed above its two hundred day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a two hundred day moving average of $57.59 and traded as high as $63.25. First Financial Corporation Indiana shares last traded at $62.75, with a volume of 35,323 shares.

A number of other research firms have also recently commented on THFF. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Financial Corporation Indiana by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock valued at $334,000 after purchasing an additional 312 shares during the period. Goldman Sachs Group Inc. lifted its position in First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock valued at $4,992,000 after buying an additional 1,666 shares during the period. Jane Street Group LLC purchased a new position in First Financial Corporation Indiana during the first quarter valued at $213,000. Voya Investment Management LLC bought a new stake in shares of First Financial Corporation Indiana during the 1st quarter valued at $529,000. Finally, Wedge Capital Management L L P NC grew its position in shares of First Financial Corporation Indiana by 3.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 15,802 shares of the bank’s stock worth $856,000 after buying an additional 596 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Stock Up 3.0%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day moving average price is $60.79 and its two-hundred day moving average price is $57.63. The stock has a market capitalization of $753.96 million, a PE ratio of 10.28 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.61 by $0.14. The business had revenue of $65.75 million for the quarter, compared to analyst estimates of $65.53 million. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. As a group, analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.5%. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio is presently 35.90%.

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.