First Financial Corporation Indiana (NASDAQ:THFF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.00.

THFF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, November 5th. Zacks Research upgraded First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Wall Street Zen cut First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th.

Insider Buying and Selling

In other First Financial Corporation Indiana news, Director James O. Mcdonald purchased 2,295 shares of First Financial Corporation Indiana stock in a transaction dated Monday, October 13th. The shares were acquired at an average cost of $52.25 per share, with a total value of $119,913.75. Following the completion of the transaction, the director owned 11,757 shares in the company, valued at approximately $614,303.25. This trade represents a 24.25% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.69% of the stock is owned by company insiders.

Institutional Trading of First Financial Corporation Indiana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in First Financial Corporation Indiana in the first quarter valued at approximately $529,000. US Bancorp DE raised its holdings in shares of First Financial Corporation Indiana by 167.0% in the first quarter. US Bancorp DE now owns 2,475 shares of the bank’s stock valued at $121,000 after buying an additional 1,548 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in First Financial Corporation Indiana during the 1st quarter valued at approximately $805,000. Strs Ohio purchased a new position in First Financial Corporation Indiana during the 1st quarter worth $549,000. Finally, Acadian Asset Management LLC boosted its position in shares of First Financial Corporation Indiana by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 201,495 shares of the bank’s stock worth $10,918,000 after purchasing an additional 4,613 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

THFF stock remained flat at $56.76 during midday trading on Friday. The company had a trading volume of 52,408 shares, compared to its average volume of 61,446. The stock has a market capitalization of $672.66 million, a P/E ratio of 9.10 and a beta of 0.46. The business has a 50 day simple moving average of $55.75 and a 200-day simple moving average of $54.62. First Financial Corporation Indiana has a fifty-two week low of $42.05 and a fifty-two week high of $63.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.14. The business had revenue of $65.75 million during the quarter, compared to the consensus estimate of $65.53 million. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.99%. Analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.51 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. First Financial Corporation Indiana’s payout ratio is presently 32.69%.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.