First Financial Corporation Indiana (NASDAQ:THFF) Sets New 1-Year High – Time to Buy?

First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high on Wednesday . The company traded as high as $70.29 and last traded at $69.69, with a volume of 77019 shares changing hands. The stock had previously closed at $68.58.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on THFF shares. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Stock Up 1.6%

The company has a market capitalization of $828.61 million, a price-to-earnings ratio of 10.25 and a beta of 0.42. 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 business has a fifty day simple moving average of $65.42 and a two-hundred day simple moving average of $63.38.

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

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, April 1st. First Financial Corporation Indiana’s payout ratio is presently 32.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after acquiring an additional 468 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock worth $34,000 after acquiring an additional 377 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter worth approximately $47,000. Advisory Services Network LLC acquired a new position in shares of First Financial Corporation Indiana in the 3rd quarter worth approximately $89,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after acquiring an additional 216 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Company Profile

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.