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

Key Points

• First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high of $59.29 during trading, indicating significant upward momentum in its share price.
• Analysts have varied opinions on THFF, with one upgrade to a "buy" rating from Wall Street Zen and a target price increase from Keefe, Bruyette & Woods from $55.00 to $61.00.
• The company reported an EPS of $1.57 for the last quarter, surpassing the consensus estimate of $1.43, despite revenue slightly missing expectations at $63.05 million.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.29 and last traded at $59.27, with a volume of 36611 shares trading hands. The stock had previously closed at $58.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on THFF shares. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, First Financial Corporation Indiana has an average rating of "Hold" and an average target price of $57.67.

First Financial Corporation Indiana Stock Performance

The company has a market cap of $693.82 million, a P/E ratio of 11.22 and a beta of 0.48. The firm has a 50 day moving average price of $55.64 and a 200-day moving average price of $51.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The firm had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.28 million. On average, research analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 39.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its holdings in First Financial Corporation Indiana by 25.1% during the fourth quarter. Wells Fargo & Company MN now owns 7,345 shares of the bank's stock worth $339,000 after acquiring an additional 1,475 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Financial Corporation Indiana during the fourth quarter worth about $605,000. First Trust Advisors LP lifted its holdings in First Financial Corporation Indiana by 14.8% during the fourth quarter. First Trust Advisors LP now owns 9,282 shares of the bank's stock worth $429,000 after acquiring an additional 1,196 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in First Financial Corporation Indiana by 121.7% during the fourth quarter. Hsbc Holdings PLC now owns 14,798 shares of the bank's stock worth $685,000 after acquiring an additional 8,124 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in First Financial Corporation Indiana by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,381 shares of the bank's stock worth $942,000 after acquiring an additional 702 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

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.