First Financial Corporation Indiana (NASDAQ:THFF) Sets New 52-Week High – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $78.63 and last traded at $77.7960, with a volume of 13688 shares traded. The stock had previously closed at $77.44.

Wall Street Analysts Forecast Growth

THFF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

First Financial Corporation Indiana Stock Up 1.1%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $930.68 million, a price-to-earnings ratio of 11.52 and a beta of 0.43. The firm has a 50-day moving average price of $69.93 and a two-hundred day moving average price of $65.96.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. On average, sell-side analysts forecast that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management increased its stake in First Financial Corporation Indiana by 28.0% in the first quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock valued at $3,466,000 after purchasing an additional 11,988 shares during the period. First Financial Corp IN boosted its stake in shares of First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after buying an additional 19,784 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of First Financial Corporation Indiana by 932.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock worth $6,075,000 after buying an additional 90,813 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of First Financial Corporation Indiana by 11.2% during the third quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock worth $17,876,000 after buying an additional 31,992 shares during the last quarter. Finally, LSV Asset Management increased its position in First Financial Corporation Indiana by 4.0% in the 4th quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock valued at $24,293,000 after acquiring an additional 15,528 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Company Profile

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.