First Financial Corporation Indiana (NASDAQ:THFF) Stock Rating Lowered by 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 published on Saturday.

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

First Financial Corporation Indiana Trading Down 3.2%

THFF traded down $1.83 during trading hours on Friday, reaching $56.02. The company's stock had a trading volume of 22,662 shares, compared to its average volume of 55,977. First Financial Corporation Indiana has a fifty-two week low of $38.87 and a fifty-two week high of $57.91. The stock has a market cap of $663.83 million, a PE ratio of 12.12 and a beta of 0.43. The business's 50-day moving average is $52.79 and its 200-day moving average is $49.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released 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 firm had revenue of $62.49 million for 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%. As a group, equities research analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is currently 44.16%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in First Financial Corporation Indiana during the 4th quarter worth $39,000. US Bancorp DE raised its stake in shares of 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 purchasing an additional 1,548 shares during the period. XTX Topco Ltd acquired a new position in shares of First Financial Corporation Indiana during the fourth quarter worth about $213,000. Jane Street Group LLC acquired a new stake in shares of First Financial Corporation Indiana in the first quarter valued at approximately $213,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in First Financial Corporation Indiana in the fourth quarter valued at $236,000. Institutional investors and hedge funds own 72.74% of the company's stock.

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.