First Financial Corporation Indiana (NASDAQ:THFF) Downgraded by Wall Street Zen to Hold

Key Points

• First Financial Corporation Indiana has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• The company's stock is currently performing around $55.29 with a market capitalization of $655.19 million and a PE ratio of 10.57.
• Director James O. McDonald recently increased his stake in the company by purchasing 2,295 shares at an average price of $52.25, indicating confidence in the firm's prospects.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently weighed in on THFF. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of First Financial Corporation Indiana in a report on Wednesday, October 8th. Finally, Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of "Moderate Buy" and an average price target of $57.67.

First Financial Corporation Indiana Stock Performance

First Financial Corporation Indiana stock opened at $55.29 on Friday. The company's 50-day moving average price is $56.55 and its 200-day moving average price is $53.49. First Financial Corporation Indiana has a twelve month low of $41.91 and a twelve month high of $63.04. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $655.19 million, a PE ratio of 10.57 and a beta of 0.43.

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

Insider Buying and Selling

In other news, Director James O. Mcdonald purchased 2,295 shares of the business's stock in a transaction that occurred on Monday, October 13th. The shares were bought at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the acquisition, the director owned 11,757 shares of the company's stock, valued at approximately $614,303.25. This trade represents a 24.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.69% of the company's stock.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several hedge funds have recently added to or reduced their stakes in THFF. State of Alaska Department of Revenue purchased a new stake in First Financial Corporation Indiana in the 3rd quarter valued at about $27,000. MAI Capital Management purchased a new stake in First Financial Corporation Indiana in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its position 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 valued at $32,000 after buying an additional 468 shares during the period. Quantbot Technologies LP purchased a new stake in First Financial Corporation Indiana in the 2nd quarter valued at about $47,000. Finally, US Bancorp DE boosted its position in First Financial Corporation Indiana by 167.0% in the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock valued at $121,000 after buying an additional 1,548 shares during the period. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Company Profile

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.

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