First Financial Corporation Indiana (NASDAQ:THFF) Hits New 1-Year High - Still a Buy?

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $53.63 and last traded at $53.44, with a volume of 8563 shares trading hands. The stock had previously closed at $52.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on THFF shares. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Janney Montgomery Scott raised First Financial Corporation Indiana from a "neutral" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Monday, February 24th.

First Financial Corporation Indiana Stock Up 0.7%

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $628.73 million, a price-to-earnings ratio of 11.48 and a beta of 0.42. The firm's 50 day simple moving average is $50.35 and its 200-day simple moving average is $49.01.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.26. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. The company had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. As a group, sell-side analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.84%. First Financial Corporation Indiana's dividend payout ratio (DPR) is 44.16%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 286,409 shares during the period. Nuveen LLC acquired a new position in First Financial Corporation Indiana during the first quarter worth $6,780,000. Kennedy Capital Management LLC acquired a new position in First Financial Corporation Indiana during the fourth quarter worth $3,855,000. Millennium Management LLC grew its holdings in First Financial Corporation Indiana by 231.4% during the fourth quarter. Millennium Management LLC now owns 86,972 shares of the bank's stock worth $4,017,000 after acquiring an additional 60,732 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in First Financial Corporation Indiana by 82.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 128,067 shares of the bank's stock worth $6,273,000 after acquiring an additional 57,690 shares during the period. 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.

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