First Financial Corporation Indiana (NASDAQ:THFF) Stock Has Consensus Price Target of $87.25 According to Brokerages

Key Points

• Analysts have a Moderate Buy consensus on First Financial Corporation Indiana, with an average 12-month price target of $87.25 versus the stock’s $75.03 opening price.
• Institutional investors own 72.74% of the company, with several major funds increasing their positions during the first quarter.
• The bank reported quarterly EPS of $1.91, beating estimates by $0.12, and pays a $0.56 quarterly dividend, equivalent to a 3.0% annualized yield.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $87.25.

Several research analysts recently issued reports on the company. Hovde Group started coverage on First Financial Corporation Indiana in a research report on Monday, October 12th. They set an "outperform" rating and a $85.00 price objective for the company. Raymond James Financial began coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a "market perform" rating for the company. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research report on Friday, August 7th. Weiss Ratings reissued a "buy (a-)" rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Finally, Brean Capital downgraded First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price objective on the stock. in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank's stock valued at $45,021,000 after buying an additional 3,870 shares during the period. Allspring Global Investments Holdings LLC grew its position in First Financial Corporation Indiana by 33.6% in 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of First Financial Corporation Indiana by 8.9% during the first 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 during the period. Bank of New York Mellon Corp raised its stake in shares of First Financial Corporation Indiana by 1.2% during the first 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 during the period. Finally, Empowered Funds LLC raised its stake in shares of First Financial Corporation Indiana by 8.0% during the first 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 during the period. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Stock Performance

Shares of THFF opened at $75.03 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market cap of $892.11 million, a P/E ratio of 10.51 and a beta of 0.44. The company has a 50-day moving average of $76.94 and a two-hundred day moving average of $73.81. 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 released 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. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The business had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. As a group, research analysts predict that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 3.0%. First Financial Corporation Indiana's payout ratio is presently 31.37%.

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.

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