First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 12-Month High - What's Next?

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $57.91 and last traded at $57.84, with a volume of 94851 shares. The stock had previously closed at $55.59.

Wall Street Analyst Weigh In

Several analysts recently commented on THFF shares. Wall Street Zen lowered First Financial Corporation Indiana from a "buy" rating to a "hold" rating in a report on Saturday. Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th.

First Financial Corporation Indiana Stock Down 1.1%

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 capitalization of $677.94 million, a PE ratio of 12.38 and a beta of 0.43. The business has a 50-day moving average of $52.79 and a 200 day moving average of $49.78.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.26. The company 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%. Equities research analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 3.57%. First Financial Corporation Indiana's payout ratio is currently 44.16%.

Institutional Trading of First Financial Corporation Indiana

Several hedge funds and other institutional investors have recently bought and sold shares of THFF. LSV Asset Management grew its stake in First Financial Corporation Indiana by 2.1% during the 1st quarter. LSV Asset Management now owns 384,312 shares of the bank's stock worth $18,824,000 after buying an additional 7,804 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in First Financial Corporation Indiana by 304.4% during the 1st 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. Geode Capital Management LLC lifted its position in First Financial Corporation Indiana by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 275,748 shares of the bank's stock worth $12,740,000 after acquiring an additional 2,204 shares during the period. American Century Companies Inc. lifted its position in First Financial Corporation Indiana by 9.5% during the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank's stock worth $12,622,000 after acquiring an additional 22,282 shares during the period. Finally, Acadian Asset Management LLC lifted its position 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 acquiring an additional 14,398 shares during the period. Institutional investors own 72.74% of the company's stock.

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.