First Financial Corporation Indiana (NASDAQ:THFF) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analyst consensus is “Hold” for First Financial Corporation Indiana, with four hold ratings and one strong-buy rating. The average 12-month price target is $88, compared with a recent share price of $75.56.
• Institutional investors own 72.74% of the company, with several firms recently increasing their positions.
• The bank exceeded quarterly earnings expectations, reporting $1.91 in EPS versus the $1.79 consensus estimate. It also declared a quarterly dividend of $0.56, equivalent to a 3.0% annualized yield.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) has been given an average recommendation of "Hold" by the five research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $88.00.

Several equities analysts recently commented on the company. Weiss Ratings reissued a "buy (a-)" rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price target on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, August 28th. Raymond James Financial started 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 objective on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Finally, Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price target on the stock. in a research note on Friday, August 7th.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its position in First Financial Corporation Indiana by 0.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank's stock valued at $1,370,000 after acquiring an additional 156 shares during the period. Burney Co. lifted its position in First Financial Corporation Indiana by 3.2% during the 1st quarter. Burney Co. now owns 6,945 shares of the bank's stock worth $439,000 after acquiring an additional 215 shares during the period. Diversified Trust Co grew its stake in shares of First Financial Corporation Indiana by 11.6% in the 1st quarter. Diversified Trust Co now owns 3,948 shares of the bank's stock valued at $250,000 after purchasing an additional 410 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank's stock valued at $129,000 after purchasing an additional 479 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of First Financial Corporation Indiana by 13.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,351 shares of the bank's stock valued at $338,000 after purchasing an additional 630 shares during the period. Institutional investors and hedge funds own 72.74% of the company's stock.

First Financial Corporation Indiana Stock Up 0.5%

Shares of First Financial Corporation Indiana stock opened at $75.56 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $84.17. The company has a market capitalization of $898.41 million, a P/E ratio of 10.58 and a beta of 0.41. The company has a 50 day moving average of $78.88 and a 200 day moving average of $72.28.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. The company had revenue of $71.87 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. As a group, research analysts forecast that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.56 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a yield of 3.0%. First Financial Corporation Indiana's payout ratio is currently 31.37%.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, families, businesses, agricultural customers and public-sector organizations.

First Financial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial banking and treasury-management services. Its additional offerings include wealth management, trust and investment services, helping customers manage both everyday finances and long-term financial needs.

First Financial traces its history to 1834 and serves communities across western and central Indiana and eastern Illinois through a network of banking offices and digital channels.

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