First Financial Corporation Indiana (NASDAQ:THFF) Hits New 1-Year High - Here's Why

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares hit 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 traded. The stock had previously closed at $52.67.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th.

First Financial Corporation Indiana Stock Up 0.3%

The stock's 50-day moving average price is $50.89 and its 200-day moving average price is $49.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market cap of $641.97 million, a price-to-earnings ratio of 11.73 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.26. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. The firm had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. On average, sell-side analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.77%. First Financial Corporation Indiana's payout ratio is currently 44.16%.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently modified their holdings of THFF. Goldman Sachs Group Inc. boosted its stake in First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank's stock worth $4,992,000 after acquiring an additional 1,666 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of First Financial Corporation Indiana during the first quarter valued at about $529,000. Strs Ohio bought a new stake in First Financial Corporation Indiana in the 1st quarter valued at about $549,000. Acadian Asset Management LLC raised its stake in First Financial Corporation Indiana by 7.9% during the 1st 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 period. Finally, Jane Street Group LLC acquired a new position in First Financial Corporation Indiana during the 1st quarter worth approximately $213,000. 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.