Brokerages Set First Financial Corporation Indiana (NASDAQ:THFF) Price Target at $60.00

First Financial Corporation Indiana (NASDAQ:THFF) has been given a consensus rating of “Hold” by the four research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $62.00.

THFF has been the topic of several research analyst reports. Zacks Research cut shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen downgraded First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of hedge funds have recently bought and sold shares of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Financial Corporation Indiana by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock valued at $334,000 after purchasing an additional 312 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after purchasing an additional 1,666 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Financial Corporation Indiana in the first quarter valued at approximately $213,000. Corton Capital Inc. acquired a new stake in shares of First Financial Corporation Indiana in the second quarter valued at approximately $248,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of First Financial Corporation Indiana by 261.8% in the second quarter. Los Angeles Capital Management LLC now owns 23,983 shares of the bank’s stock valued at $1,300,000 after buying an additional 17,355 shares during the period. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Stock Up 1.9%

THFF stock opened at $65.99 on Monday. First Financial Corporation Indiana has a 1-year low of $42.05 and a 1-year high of $69.21. The business’s 50 day simple moving average is $63.91 and its 200 day simple moving average is $59.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $781.98 million, a PE ratio of 9.88 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.12. The business had revenue of $70.55 million during the quarter, compared to the consensus estimate of $67.93 million. First Financial Corporation Indiana had a return on equity of 13.34% and a net margin of 22.79%. As a group, research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 33.53%.

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.