Brokerages Set First Financial Corporation Indiana (NASDAQ:THFF) PT at $86.00

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $86.00.

A number of equities analysts have recently weighed in on THFF shares. Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, August 7th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods upped their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Capital One Financial set a $90.00 target price on shares of First Financial Corporation Indiana in a research note on Friday, August 7th.

Institutional Trading of First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in First Financial Corporation Indiana during the second quarter worth $149,505,000. Pzena Investment Management LLC purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at $36,515,000. UNIVEST FINANCIAL Corp purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at $22,025,000. JPMorgan Chase & Co. lifted its stake in First Financial Corporation Indiana by 43.2% during the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock worth $12,471,000 after acquiring an additional 62,239 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in First Financial Corporation Indiana by 223.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock worth $3,988,000 after acquiring an additional 45,606 shares in the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Up 0.5%

THFF stock opened at $81.96 on Friday. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $83.83. The firm has a market cap of $974.50 million, a PE ratio of 11.48 and a beta of 0.42. The firm’s 50 day moving average price is $76.97 and its 200-day moving average price is $69.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The company had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

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.