First Financial Corporation Indiana (NASDAQ:THFF) Cut to "Hold" at Wall Street Zen

Wall Street Zen cut shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Separately, Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th.

First Financial Corporation Indiana Price Performance

Shares of First Financial Corporation Indiana stock traded down $1.12 on Friday, reaching $55.59. The company's stock had a trading volume of 58,210 shares, compared to its average volume of 55,941. The company has a market capitalization of $658.74 million, a P/E ratio of 12.03 and a beta of 0.43. First Financial Corporation Indiana has a 52-week low of $38.87 and a 52-week high of $57.43. The stock has a 50-day moving average price of $52.65 and a 200-day moving average price of $49.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.26. The business had revenue of $62.49 million during the quarter, compared to analysts' expectations of $62.04 million. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. Analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, July 1st. First Financial Corporation Indiana's payout ratio is 44.16%.

Institutional Trading of First Financial Corporation Indiana

Several large investors have recently made changes to their positions in the company. LSV Asset Management increased its position in shares of First Financial Corporation Indiana by 2.1% during the first quarter. LSV Asset Management now owns 384,312 shares of the bank's stock worth $18,824,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in First Financial Corporation Indiana by 304.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank's stock worth $18,636,000 after buying an additional 286,409 shares during the last quarter. Geode Capital Management LLC boosted its stake in First Financial Corporation Indiana by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 275,748 shares of the bank's stock worth $12,740,000 after buying an additional 2,204 shares during the last quarter. American Century Companies Inc. boosted its stake in First Financial Corporation Indiana by 9.5% during the first quarter. American Century Companies Inc. now owns 257,694 shares of the bank's stock worth $12,622,000 after buying an additional 22,282 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in First Financial Corporation Indiana by 7.9% during the first quarter. Acadian Asset Management LLC now owns 196,882 shares of the bank's stock worth $9,642,000 after buying an additional 14,398 shares during the last quarter. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

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.