First Financial Corporation Indiana (NASDAQ:THFF) Announces Earnings Results

First Financial Corporation Indiana (NASDAQ:THFF) posted its earnings results on Tuesday. The bank reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.28, FiscalAI reports. The business had revenue of $74.96 million during the quarter, compared to the consensus estimate of $75.31 million.

First Financial Corporation Indiana Stock Down 0.4%

First Financial Corporation Indiana stock opened at $77.44 on Wednesday. The firm has a market cap of $920.89 million, a P/E ratio of 10.86 and a beta of 0.44. First Financial Corporation Indiana has a twelve month low of $52.45 and a twelve month high of $84.17. The business has a fifty day moving average of $76.45 and a two-hundred day moving average of $71.00.

First Financial Corporation Indiana Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on THFF shares. Brean Capital downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Friday, August 7th. Raymond James Financial started coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating for the company. Hovde Group initiated coverage on First Financial Corporation Indiana in a research note on Monday, October 12th. They issued an “outperform” rating and a $85.00 price target for the company. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Thursday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.25.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.