First Financial Corporation Indiana (NASDAQ:THFF) Research Coverage Started at Hovde Group

Hovde Group began coverage on shares of First Financial Corporation Indiana (NASDAQ:THFF) in a research note published on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $85.00 price objective on the bank’s stock.

Other equities research analysts have also issued research reports about the stock. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Finally, Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.25.

First Financial Corporation Indiana Stock Down 0.5%

Shares of NASDAQ:THFF opened at $73.01 on Monday. The stock has a 50-day simple moving average of $77.53 and a 200-day simple moving average of $73.48. The stock has a market capitalization of $868.09 million, a P/E ratio of 10.28 and a beta of 0.44. First Financial Corporation Indiana has a 1 year low of $51.21 and a 1 year high of $84.17. 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 posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. Equities analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of First Financial Corporation Indiana by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock valued at $45,021,000 after purchasing an additional 3,870 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in First Financial Corporation Indiana by 33.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock valued at $8,492,000 after purchasing an additional 33,821 shares in the last quarter. Renaissance Technologies LLC grew its holdings in First Financial Corporation Indiana by 8.9% during 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. Bank of New York Mellon Corp grew its holdings in First Financial Corporation Indiana by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank’s stock valued at $4,936,000 after purchasing an additional 909 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in First Financial Corporation Indiana by 8.0% during the 1st quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock valued at $3,626,000 after purchasing an additional 4,282 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation (NASDAQ: THFF) is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.