First Financial Corporation Indiana (NASDAQ:THFF) Releases Quarterly Earnings Results, Beats Expectations By $0.28 EPS

First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.28, FiscalAI reports. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $74.96 million for the quarter, compared to the consensus estimate of $75.31 million.

First Financial Corporation Indiana Trading Up 1.5%

THFF stock opened at $77.61 on Tuesday. The company has a market capitalization of $922.79 million, a price-to-earnings ratio of 10.85 and a beta of 0.44. The business has a 50 day simple moving average of $76.63 and a two-hundred day simple moving average of $70.83. First Financial Corporation Indiana has a 1-year low of $52.45 and a 1-year high of $84.17. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, October 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 (DPR) is currently 31.37%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Thursday. Hovde Group began coverage on shares of First Financial Corporation Indiana in a research report on Monday, October 12th. They set an “outperform” rating and a $85.00 price target on the stock. Brean Capital downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Friday, August 7th. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Finally, Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.25.

Read Our Latest Analysis on First Financial Corporation Indiana

About First Financial Corporation Indiana

(Get Free Report)

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.

Further Reading

Earnings History for First Financial Corporation Indiana (NASDAQ:THFF)

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