First Financial Corporation Indiana (NASDAQ:THFF) to Issue Quarterly Dividend of $0.56

First Financial Corporation Indiana (NASDAQ:THFF) announced a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be paid a dividend of 0.56 per share by the bank on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 1st.

First Financial Corporation Indiana has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. First Financial Corporation Indiana has a payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Financial Corporation Indiana to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 28.1%.

First Financial Corporation Indiana Trading Up 0.3%

NASDAQ THFF opened at $77.09 on Friday. The stock has a market capitalization of $916.60 million, a P/E ratio of 10.80 and a beta of 0.41. The business has a 50 day simple moving average of $78.93 and a 200 day simple moving average of $71.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. Research analysts expect that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of First Financial Corporation Indiana in the second quarter valued at about $523,000. Engineers Gate Manager LP purchased a new position in First Financial Corporation Indiana in the second quarter valued at about $599,000. Integrated Wealth Concepts LLC purchased a new position in First Financial Corporation Indiana in the second quarter valued at about $96,000. Allianz Asset Management GmbH bought a new position in shares of First Financial Corporation Indiana during the 2nd quarter valued at approximately $259,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $366,000. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, families, businesses, agricultural customers and public-sector organizations.

First Financial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial banking and treasury-management services. Its additional offerings include wealth management, trust and investment services, helping customers manage both everyday finances and long-term financial needs.

First Financial traces its history to 1834 and serves communities across western and central Indiana and eastern Illinois through a network of banking offices and digital channels.