First Financial Corporation Indiana (NASDAQ:THFF) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

First Financial Corporation Indiana (NASDAQ:THFF) released its earnings results on Tuesday. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12, FiscalAI reports. The company had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%.

First Financial Corporation Indiana Trading Down 0.2%

NASDAQ:THFF opened at $79.72 on Thursday. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $80.95. The business’s 50-day moving average price is $74.19 and its two-hundred day moving average price is $68.06. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $947.87 million, a price-to-earnings ratio of 11.17 and a beta of 0.42.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a yield of 2.8%. First Financial Corporation Indiana’s dividend payout ratio is presently 32.94%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on THFF shares. Raymond James Financial assumed coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Institutional Trading of First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of First Financial Corporation Indiana by 43.2% in the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock valued at $12,471,000 after acquiring an additional 62,239 shares during the period. O Shaughnessy Asset Management LLC increased its stake in First Financial Corporation Indiana by 223.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock valued at $3,988,000 after purchasing an additional 45,606 shares in the last quarter. Vanguard Group Inc. increased its stake in First Financial Corporation Indiana by 5.2% in the third quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock valued at $44,869,000 after purchasing an additional 39,046 shares in the last quarter. First Trust Advisors LP raised its holdings in First Financial Corporation Indiana by 321.2% in the third quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock worth $2,687,000 after purchasing an additional 36,300 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in First Financial Corporation Indiana by 373.3% in the second quarter. Raymond James Financial Inc. now owns 43,340 shares of the bank’s stock worth $2,349,000 after purchasing an additional 34,183 shares during the period. 72.74% of the stock is owned by 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.