First Financial Corporation Indiana (NASDAQ:THFF) to Issue Quarterly Dividend of $0.56

First Financial Corporation Indiana (NASDAQ:THFF) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.56 per share by the bank on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, January 2nd. This is a 9.8% increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51.

First Financial Corporation Indiana has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. First Financial Corporation Indiana has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Financial Corporation Indiana to earn $5.94 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 34.3%.

First Financial Corporation Indiana Price Performance

Shares of THFF stock opened at $65.57 on Friday. The business’s fifty day moving average is $57.37 and its 200 day moving average is $56.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $777.00 million, a price-to-earnings ratio of 10.51 and a beta of 0.43. First Financial Corporation Indiana has a twelve month low of $42.05 and a twelve month high of $65.79.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $65.53 million. Research analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

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.