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

First Financial Corporation Indiana (NASDAQ:THFF) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.56 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 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. Research analysts expect First Financial Corporation Indiana to earn $7.60 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 29.5%.

First Financial Corporation Indiana Stock Down 1.2%

Shares of NASDAQ:THFF opened at $72.88 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. First Financial Corporation Indiana has a 12 month low of $49.72 and a 12 month high of $75.61. The company has a 50-day moving average price of $68.30 and a 200 day moving average price of $65.01. The company has a market cap of $866.54 million, a price-to-earnings ratio of 10.72 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The firm had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. As a group, equities research analysts predict that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Company Profile

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.