First Financial Corporation Indiana (NASDAQ:THFF) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $66.46 and traded as high as $75.93. First Financial Corporation Indiana shares last traded at $74.74, with a volume of 92,814 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on THFF. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and an average price target of $70.00.

First Financial Corporation Indiana Price Performance

The stock has a market cap of $888.66 million, a price-to-earnings ratio of 10.99 and a beta of 0.42. The company has a 50-day moving average of $71.16 and a 200-day moving average of $66.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The firm had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. As a group, equities research analysts predict that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in First Financial Corporation Indiana by 932.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after buying an additional 90,813 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Financial Corporation Indiana by 43.2% during the fourth quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock worth $12,471,000 after acquiring an additional 62,239 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in First Financial Corporation Indiana by 223.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock worth $3,988,000 after purchasing an additional 45,606 shares in the last quarter. Vanguard Group Inc. raised its holdings in First Financial Corporation Indiana by 5.2% during the third quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock worth $44,869,000 after purchasing an additional 39,046 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in First Financial Corporation Indiana by 321.2% in the third quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock valued at $2,687,000 after purchasing an additional 36,300 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

About First Financial Corporation Indiana

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.