First Financial Corporation Indiana (NASDAQ:THFF) Given Average Recommendation of “Hold” by Brokerages

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $88.00.

THFF has been the subject of a number of recent research reports. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research note on Friday, August 7th. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday. Brean Capital downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several institutional investors have recently bought and sold shares of THFF. California State Teachers Retirement System boosted its stake in shares of First Financial Corporation Indiana by 9,654.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,052,332 shares of the bank’s stock worth $81,493,000 after acquiring an additional 1,041,544 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $366,000. Empowered Funds LLC bought a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at approximately $6,091,000. United Capital Financial Advisors LLC acquired a new stake in First Financial Corporation Indiana in the 2nd quarter worth approximately $537,000. Finally, Bank of America Corp DE acquired a new stake in First Financial Corporation Indiana in the 2nd quarter worth approximately $9,050,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Trading Down 1.2%

Shares of NASDAQ:THFF opened at $78.28 on Tuesday. The firm has a fifty day moving average of $78.54 and a two-hundred day moving average of $70.73. The firm has a market capitalization of $930.75 million, a P/E ratio of 10.96 and a beta of 0.42. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $84.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $71.87 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. On average, equities analysts expect that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.9%. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

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.