First Financial Corporation Indiana Plans Quarterly Dividend of $0.51 (NASDAQ:THFF)

Key Points

• First Financial Corporation Indiana declared a quarterly dividend of $0.51 per share, with a payment date set for October 15 for investors of record on October 1, which translates to an annualized dividend yield of 3.4%.
• The company's earnings per share (EPS) for the previous quarter were reported at $1.57, exceeding analyst expectations, and analysts project an annual EPS of $5.94 for next year.
• Institutional investors currently hold 72.74% of First Financial Corporation Indiana's stock, with significant increases in holdings from various hedge funds during the first quarter.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.51 per share by the bank on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, October 1st.

First Financial Corporation Indiana has a dividend payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Financial Corporation Indiana to earn $5.94 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 34.3%.

First Financial Corporation Indiana Stock Down 0.5%

NASDAQ THFF traded down $0.28 during trading hours on Monday, hitting $58.18. The company had a trading volume of 17,368 shares, compared to its average volume of 61,044. First Financial Corporation Indiana has a fifty-two week low of $40.57 and a fifty-two week high of $60.77. The company has a market capitalization of $689.43 million, a price-to-earnings ratio of 11.12 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The firm's 50 day moving average is $56.58 and its 200 day moving average is $52.44.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.28 million. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%. Sell-side analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

THFF has been the topic of a number of research reports. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price target on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.67.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.