First Financial Corporation Indiana (NASDAQ:THFF) Stock Moved Up to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen upgraded First Financial Corporation Indiana (NASDAQ: THFF) from “hold” to “buy.” MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $87.25.
• THFF reported quarterly earnings of $2.31 per share, beating the $2.03 analyst consensus, while revenue reached $74.96 million versus the $75.31 million estimate.
• Institutional investors own 72.74% of the stock, with several funds recently increasing stakes or initiating new positions. Shares opened at $76.55, compared with a 12-month range of $52.45 to $84.17.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts have also commented on THFF. Keefe, Bruyette & Woods upped their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, August 28th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Weiss Ratings restated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research report on Thursday, October 22nd. Finally, Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana presently has a consensus rating of "Moderate Buy" and an average target price of $87.25.

First Financial Corporation Indiana Price Performance

Shares of THFF opened at $76.55 on Friday. The company has a market cap of $910.18 million, a P/E ratio of 10.06 and a beta of 0.44. The stock has a fifty day moving average price of $76.27 and a 200 day moving average price of $71.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a 12 month low of $52.45 and a 12 month high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its earnings results on Tuesday, October 27th. The bank reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.28. The firm had revenue of $74.96 million for the quarter, compared to analyst estimates of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. On average, research analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of First Financial Corporation Indiana by 33.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank's stock valued at $8,492,000 after acquiring an additional 33,821 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in First Financial Corporation Indiana in the third quarter worth approximately $1,934,000. International Assets Investment Management LLC acquired a new stake in First Financial Corporation Indiana in the third quarter worth approximately $1,041,000. Hsbc Holdings PLC boosted its stake in First Financial Corporation Indiana by 79.2% during the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank's stock valued at $1,968,000 after purchasing an additional 13,619 shares in the last quarter. Finally, Cvfg LLC bought a new position in First Financial Corporation Indiana during the 1st quarter valued at $714,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Company Profile

First Financial Corporation 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 organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.

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