First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 1-Year High - What's Next?

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $55.57 and last traded at $55.14, with a volume of 37019 shares trading hands. The stock had previously closed at $53.68.

Analyst Upgrades and Downgrades

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

First Financial Corporation Indiana Price Performance

The business's 50-day moving average price is $51.80 and its 200 day moving average price is $49.27. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $674.80 million, a P/E ratio of 12.32 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.26. The business had revenue of $62.49 million for the quarter, compared to analysts' expectations of $62.04 million. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. Analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is 44.16%.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in First Financial Corporation Indiana in the fourth quarter valued at $39,000. US Bancorp DE boosted its holdings in First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock valued at $121,000 after acquiring an additional 1,548 shares during the period. XTX Topco Ltd bought a new position in First Financial Corporation Indiana during the 4th quarter worth approximately $213,000. Jane Street Group LLC purchased a new position in First Financial Corporation Indiana in the 1st quarter worth approximately $213,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in First Financial Corporation Indiana in the fourth quarter valued at approximately $236,000. Hedge funds and other institutional investors 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.