First Financial Corporation Indiana (NASDAQ:THFF) Price Target Raised to $78.00

First Financial Corporation Indiana (NASDAQ:THFF) had its price target boosted by Keefe, Bruyette & Woods from $73.00 to $78.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Several other research firms have also weighed in on THFF. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ:THFF opened at $80.55 on Thursday. The company has a market capitalization of $957.74 million, a price-to-earnings ratio of 11.28 and a beta of 0.42. The firm’s 50 day simple moving average is $74.66 and its 200 day simple moving average is $68.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $82.03.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. The business had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.19%. As a group, sell-side analysts forecast that First Financial Corporation Indiana will post 7.24 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 31.37%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several institutional investors and hedge funds have recently modified their holdings of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in First Financial Corporation Indiana by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock worth $334,000 after buying an additional 312 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of First Financial Corporation Indiana by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock valued at $4,992,000 after buying an additional 1,666 shares during the period. Jane Street Group LLC acquired a new position in shares of First Financial Corporation Indiana in the first quarter valued at approximately $213,000. Legal & General Group Plc increased its position in shares of First Financial Corporation Indiana by 12.6% during the second quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock worth $685,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of First Financial Corporation Indiana by 2.8% during the second quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock worth $967,000 after acquiring an additional 494 shares in the last quarter. 72.74% of the stock is currently 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.