First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 1-Year High - Should You Buy?

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on THFF. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday.

First Financial Corporation Indiana Trading Down 0.1%

The company has a market cap of $672.01 million, a PE ratio of 12.27 and a beta of 0.43. The stock has a 50 day moving average price of $52.41 and a 200 day moving average price of $49.54. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $62.04 million. Sell-side analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend yield of 3.60%. First Financial Corporation Indiana's payout ratio is 44.16%.

Institutional Trading of First Financial Corporation Indiana

Hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management increased its position in shares of First Financial Corporation Indiana by 2.1% in the 1st quarter. LSV Asset Management now owns 384,312 shares of the bank's stock valued at $18,824,000 after acquiring an additional 7,804 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in First Financial Corporation Indiana by 304.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank's stock valued at $18,636,000 after buying an additional 286,409 shares in the last quarter. Geode Capital Management LLC lifted its stake in First Financial Corporation Indiana by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 275,748 shares of the bank's stock valued at $12,740,000 after buying an additional 2,204 shares in the last quarter. American Century Companies Inc. lifted its stake in First Financial Corporation Indiana by 9.5% in the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank's stock valued at $12,622,000 after buying an additional 22,282 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in First Financial Corporation Indiana by 7.9% in the 1st quarter. Acadian Asset Management LLC now owns 196,882 shares of the bank's stock valued at $9,642,000 after buying an additional 14,398 shares in the last quarter. 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.