First Financial Corporation Indiana (NASDAQ:THFF) Hits New 1-Year High – Still a Buy?

First Financial Corporation Indiana (NASDAQ:THFF) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $53.63 and last traded at $53.44, with a volume of 8563 shares. The stock had previously closed at $52.67.

Wall Street Analyst Weigh In

A number of analysts have commented on THFF shares. Janney Montgomery Scott upgraded First Financial Corporation Indiana from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, February 24th. Wall Street Zen upgraded First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th.

First Financial Corporation Indiana Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50-day moving average price of $50.35 and a 200-day moving average price of $49.01. The firm has a market capitalization of $628.73 million, a PE ratio of 11.48 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.26. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. The business had revenue of $62.49 million for the quarter, compared to the consensus estimate of $62.04 million. Sell-side analysts forecast that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 3.84%. First Financial Corporation Indiana’s payout ratio is currently 44.16%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management increased its stake in First Financial Corporation Indiana by 2.1% in the first quarter. LSV Asset Management now owns 384,312 shares of the bank’s stock valued at $18,824,000 after purchasing an additional 7,804 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in First Financial Corporation Indiana by 304.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank’s stock valued at $18,636,000 after purchasing an additional 286,409 shares during the last quarter. Geode Capital Management LLC increased its stake in First Financial Corporation Indiana by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 275,748 shares of the bank’s stock valued at $12,740,000 after purchasing an additional 2,204 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of First Financial Corporation Indiana by 9.5% in the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank’s stock worth $12,622,000 after purchasing an additional 22,282 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of First Financial Corporation Indiana by 7.9% during the 1st quarter. Acadian Asset Management LLC now owns 196,882 shares of the bank’s stock worth $9,642,000 after purchasing an additional 14,398 shares during the period. 72.74% of the stock is currently owned by institutional investors and hedge funds.

First Financial Corporation Indiana Company Profile

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.