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

Key Points

• First Financial Corporation Indiana shares reached a new 52-week high, trading as high as $84.17 and closing near $82.71. The stock has a market capitalization of approximately $974 million and trades at a price-to-earnings ratio of 11.49.
• Analyst sentiment is mostly neutral: four analysts rate the stock Hold, one rates it Strong Buy, and the consensus price target is $86.00. Recent target prices range from $78 to $90.
• The bank exceeded quarterly EPS expectations, reporting $1.91 versus the $1.79 consensus estimate, while maintaining a quarterly dividend of $0.56 per share, equivalent to a 2.7% yield.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $84.17 and last traded at $82.7110, with a volume of 13072 shares. The stock had previously closed at $82.06.

Analyst Ratings Changes

Several brokerages have issued reports on THFF. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. Brean Capital downgraded shares of 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 note on Friday, August 7th. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.00.

First Financial Corporation Indiana Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The business's 50-day moving average price is $77.19 and its two-hundred day moving average price is $69.67. The firm has a market cap of $973.86 million, a price-to-earnings ratio of 11.49 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $71.83 million for the quarter, compared to analysts' expectations of $72.84 million. On average, research analysts forecast that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 annualized dividend and a yield of 2.7%. First Financial Corporation Indiana's dividend payout ratio is presently 31.37%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock valued at $32,000 after acquiring an additional 468 shares during the last quarter. Allworth Financial LP acquired a new position in First Financial Corporation Indiana in the second quarter worth $34,000. Quantbot Technologies LP acquired a new position in First Financial Corporation Indiana in the second quarter worth $47,000. Smartleaf Asset Management LLC increased its stake in First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank's stock valued at $85,000 after purchasing an additional 804 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in First Financial Corporation Indiana during the third quarter valued at $89,000. Institutional investors and hedge funds own 72.74% of the company's stock.

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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