First Financial Corporation Indiana (NASDAQ:THFF) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Four of five covering firms rate First Financial Indiana neutral, while one recommends a strong buy. The average 12-month price target is $86, modestly above the reported share price of $81.83.
• Quarterly earnings beat expectations: The bank reported adjusted earnings of $1.91 per share versus the $1.79 consensus estimate, though revenue of $71.83 million fell slightly short of expectations.
• Shareholders received a quarterly dividend of $0.56: The annualized payout is $2.24 per share, representing a 2.7% yield and a 31.37% payout ratio. Institutional investors own 72.74% of the company.

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $86.00.

Several brokerages have commented on THFF. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Raymond James Financial started coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a "market perform" rating for the company. Brean Capital lowered First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price for the company. in a research report on Friday. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Finally, Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a report on Friday.

First Financial Corporation Indiana Trading Down 0.8%

Shares of THFF stock traded down $0.63 during mid-day trading on Friday, reaching $81.83. The stock had a trading volume of 13,909 shares, compared to its average volume of 89,435. 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 stock's 50-day moving average price is $75.73 and its two-hundred day moving average price is $68.91. The firm has a market capitalization of $973.12 million, a PE ratio of 11.46 and a beta of 0.42. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released 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. The company had revenue of $71.83 million during the quarter, compared to analysts' expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%. Equities analysts expect that First Financial Corporation Indiana will post 7.46 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is 31.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of THFF. Vanguard Group Inc. lifted its stake in shares of First Financial Corporation Indiana by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 825,465 shares of the bank's stock worth $49,875,000 after purchasing an additional 30,481 shares during the period. Dimensional Fund Advisors LP grew its position in shares of First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank's stock valued at $45,021,000 after acquiring an additional 3,870 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of First Financial Corporation Indiana by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank's stock worth $29,918,000 after purchasing an additional 11,743 shares in the last quarter. State Street Corp increased its stake in shares of First Financial Corporation Indiana by 0.3% in the 4th quarter. State Street Corp now owns 450,342 shares of the bank's stock worth $27,210,000 after purchasing an additional 1,332 shares in the last quarter. Finally, LSV Asset Management raised its holdings in First Financial Corporation Indiana by 4.0% in the 4th quarter. LSV Asset Management now owns 402,061 shares of the bank's stock worth $24,293,000 after purchasing an additional 15,528 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

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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