First Financial Corporation Indiana (NASDAQ:THFF) Cut to "Neutral" at Brean Capital

Key Points

• Brean Capital downgraded First Financial Corporation Indiana (NASDAQ: THFF) from “Buy” to “Neutral,” while setting a $90 price target, implying 9.14% upside from the prior close.
• Analyst sentiment is mixed but leans cautious: THFF has an average “Hold” rating and an average price target of $84, based on one Strong Buy and four Hold ratings.
• The bank exceeded quarterly EPS expectations, reporting $1.91 versus the $1.79 consensus, though revenue of $71.83 million fell short of the $72.84 million estimate. Institutional investors own 72.74% of the company.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) was downgraded by research analysts at Brean Capital from a "buy" rating to a "neutral" rating in a research note issued on Friday, Marketbeat reports. They presently have a $90.00 target price on the bank's stock. Brean Capital's target price would indicate a potential upside of 9.14% from the company's previous close.

A number of other equities research analysts also recently issued reports on THFF. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a "market perform" rating for the company. Weiss Ratings reiterated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, First Financial Corporation Indiana currently has an average rating of "Hold" and an average target price of $84.00.

First Financial Corporation Indiana Stock Performance

THFF opened at $82.46 on Friday. The company's 50 day moving average is $75.73 and its 200 day moving average is $68.91. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $980.61 million, a price-to-earnings ratio of 11.55 and a beta of 0.42. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.19%. The business had revenue of $71.83 million during the quarter, compared to analysts' expectations of $72.84 million. On average, equities research analysts predict that First Financial Corporation Indiana will post 7.46 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock worth $32,000 after buying an additional 468 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of First Financial Corporation Indiana in the second quarter worth about $47,000. Smartleaf Asset Management LLC grew its position in shares of First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank's stock worth $85,000 after purchasing an additional 804 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of First Financial Corporation Indiana by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank's stock worth $95,000 after purchasing an additional 216 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in First Financial Corporation Indiana during the 3rd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 72.74% of the company's stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company's service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.

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