First Financial Corporation Indiana (THFF) - What Are Researchers Saying About This Stock?

Key Points

• Analysts rate THFF a “Moderate Buy”, with one buy, one strong buy and four hold ratings; the average 12-month price target is $87.25.
• The bank reported quarterly EPS of $2.31, beating the $2.03 estimate, while revenue of $74.96 million came in slightly below consensus.
• First Financial declared a quarterly dividend of $0.56 per share, equivalent to a 2.9% annualized yield; institutional investors own 72.74% of shares.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $87.25.

THFF has been the topic of a number of recent research reports. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research report on Friday, August 7th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, August 28th. Weiss Ratings upgraded First Financial Corporation Indiana from a "buy (a-)" rating to a "buy (a)" rating in a report on Monday, November 9th. Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price objective for the company. in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Saturday, October 31st.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several institutional investors have recently bought and sold shares of THFF. Hsbc Holdings PLC lifted its stake in shares of First Financial Corporation Indiana by 79.2% during the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank's stock worth $1,968,000 after purchasing an additional 13,619 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in First Financial Corporation Indiana during the third quarter valued at about $1,934,000. International Assets Investment Management LLC bought a new stake in First Financial Corporation Indiana during the third quarter valued at about $1,041,000. Allspring Global Investments Holdings LLC boosted its position in 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 purchasing an additional 33,821 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in First Financial Corporation Indiana in the second quarter valued at about $523,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Trading Up 0.3%

Shares of NASDAQ THFF traded up $0.21 during trading hours on Friday, reaching $77.20. The stock had a trading volume of 109,203 shares, compared to its average volume of 150,264. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The firm has a market cap of $917.91 million, a price-to-earnings ratio of 10.03 and a beta of 0.45. The business's fifty day moving average price is $75.97 and its two-hundred day moving average price is $71.94. First Financial Corporation Indiana has a 52-week low of $54.76 and a 52-week high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 EPS for the quarter, topping the consensus estimate of $2.03 by $0.28. The company had revenue of $74.96 million for the quarter, compared to the consensus estimate of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. Analysts expect that First Financial Corporation Indiana will post 7.93 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a $0.56 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.9%. First Financial Corporation Indiana's payout ratio is currently 29.09%.

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, businesses and organizations. The bank offers consumer and commercial deposit accounts, lending, mortgage services, and trust and wealth management services. Its regional footprint includes communities in Indiana, Illinois and Kentucky. First Financial Bank traces its roots to 1834 and has grown from an Indiana-based institution into a regional bank.

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