First Financial Corporation Indiana (NASDAQ:THFF) Receives Average Rating of “Hold” from Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFFGet Free Report) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $88.00.

THFF has been the subject of several recent analyst reports. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research note on Friday, August 7th. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Friday, August 7th. Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Raymond James Financial began coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock.

Check Out Our Latest Analysis on First Financial Corporation Indiana

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of First Financial Corporation Indiana in the second quarter valued at about $149,505,000. California State Teachers Retirement System increased its stake in First Financial Corporation Indiana by 9,654.7% during the second quarter. California State Teachers Retirement System now owns 1,052,332 shares of the bank’s stock valued at $81,493,000 after acquiring an additional 1,041,544 shares during the period. Pzena Investment Management LLC bought a new position in First Financial Corporation Indiana during the second quarter valued at about $36,515,000. The Manufacturers Life Insurance Company acquired a new position in First Financial Corporation Indiana in the 2nd quarter valued at approximately $33,426,000. Finally, UNIVEST FINANCIAL Corp bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth approximately $22,025,000. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

Shares of THFF opened at $78.28 on Tuesday. The company has a market capitalization of $930.75 million, a PE ratio of 10.96 and a beta of 0.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17. The company’s fifty day moving average price is $78.54 and its 200 day moving average price is $70.73.

First Financial Corporation Indiana (NASDAQ:THFFGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. As a group, analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was 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 31.37%.

About First Financial Corporation Indiana

(Get Free Report)

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.

Further Reading

Analyst Recommendations for First Financial Corporation Indiana (NASDAQ:THFF)

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