First Financial Corporation Indiana (THFF) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of First Financial Corporation Indiana (NASDAQ:THFF) from a hold rating to a buy rating in a research note issued to investors on Friday morning. The firm currently has $52.00 target price on the bank’s stock.
According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “
A number of other equities analysts have also recently commented on THFF. ValuEngine raised shares of First Financial Corporation Indiana from a hold rating to a buy rating in a research note on Friday, June 2nd. BidaskClub cut shares of First Financial Corporation Indiana from a hold rating to a sell rating in a research note on Wednesday, July 12th.
Shares of First Financial Corporation Indiana (THFF) opened at 46.05 on Friday. First Financial Corporation Indiana has a one year low of $35.47 and a one year high of $53.49. The stock’s 50 day moving average is $47.52 and its 200-day moving average is $47.40. The company has a market cap of $562.87 million, a P/E ratio of 16.42 and a beta of 0.84.
First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by $0.01. The firm had revenue of $34.67 million for the quarter, compared to analysts’ expectations of $35.15 million. First Financial Corporation Indiana had a net margin of 23.36% and a return on equity of 8.13%. Equities research analysts forecast that First Financial Corporation Indiana will post $2.73 earnings per share for the current year.
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The firm also recently disclosed a semiannual dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 16th were issued a $0.50 dividend. This represents a dividend yield of 2.19%. This is a positive change from First Financial Corporation Indiana’s previous semiannual dividend of $0.49. The ex-dividend date of this dividend was Wednesday, June 14th. First Financial Corporation Indiana’s payout ratio is presently 35.71%.
Several large investors have recently made changes to their positions in THFF. TFS Capital LLC purchased a new stake in First Financial Corporation Indiana during the first quarter worth approximately $204,000. Karp Capital Management Corp purchased a new stake in First Financial Corporation Indiana during the first quarter worth approximately $547,000. Bank of New York Mellon Corp raised its stake in First Financial Corporation Indiana by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 77,050 shares of the bank’s stock worth $3,659,000 after buying an additional 1,122 shares in the last quarter. LSV Asset Management raised its stake in First Financial Corporation Indiana by 3.3% in the first quarter. LSV Asset Management now owns 144,153 shares of the bank’s stock worth $6,847,000 after buying an additional 4,600 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its stake in First Financial Corporation Indiana by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,600 shares of the bank’s stock worth $1,121,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 53.68% of the company’s stock.
About First Financial Corporation Indiana
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.
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