First Financial Corporation Indiana (NASDAQ:THFF) Sets New 12-Month High - Time to Buy?

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $57.43 and last traded at $56.82, with a volume of 3108 shares. The stock had previously closed at $56.98.

Analyst Ratings Changes

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

First Financial Corporation Indiana Stock Performance

The stock has a market capitalization of $667.75 million, a PE ratio of 12.20 and a beta of 0.43. The business has a 50 day moving average price of $51.99 and a 200 day moving average price of $49.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

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, beating analysts' consensus estimates of $1.29 by $0.26. The company had revenue of $62.49 million for the quarter, compared to the consensus estimate of $62.04 million. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. As a group, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.62%. First Financial Corporation Indiana's dividend payout ratio (DPR) is 44.16%.

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of First Financial Corporation Indiana by 304.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank's stock worth $18,636,000 after purchasing an additional 286,409 shares in the last quarter. Nuveen LLC purchased a new position in First Financial Corporation Indiana during the first quarter valued at $6,780,000. Kennedy Capital Management LLC purchased a new position in First Financial Corporation Indiana during the fourth quarter valued at $3,855,000. Millennium Management LLC grew its stake 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 valued at $4,017,000 after acquiring an additional 60,732 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position 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 valued at $6,273,000 after purchasing an additional 57,690 shares during the last quarter. 72.74% of the stock is owned by hedge funds and other 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.