First Financial Corporation Indiana (NASDAQ:THFF) Hits New 12-Month High – Here’s What Happened

First Financial Corporation Indiana (NASDAQ:THFF)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $75.80 and last traded at $75.6140, with a volume of 2609 shares. The stock had previously closed at $75.12.

Wall Street Analysts Forecast Growth

THFF has been the subject of several research reports. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $69.28 and its two-hundred day moving average is $65.64. The company has a market capitalization of $905.19 million, a P/E ratio of 11.20 and a beta of 0.43.

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

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.56 per share. The ex-dividend date is 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 (DPR) is presently 32.94%.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of large investors have recently modified their holdings of THFF. Empowered Funds LLC boosted its stake in First Financial Corporation Indiana by 8.0% in the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock worth $3,626,000 after buying an additional 4,282 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of First Financial Corporation Indiana by 62.0% in the 1st quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock worth $1,474,000 after acquiring an additional 8,921 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of First Financial Corporation Indiana by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after purchasing an additional 9,500 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Financial Corporation Indiana by 1.7% during the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after purchasing an additional 823 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after purchasing an additional 479 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

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.