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

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) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.29 and last traded at $59.27, with a volume of 36611 shares traded. The stock had previously closed at $58.57.

Wall Street Analyst Weigh In

Several research firms have issued reports on THFF. Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, First Financial Corporation Indiana has a consensus rating of "Hold" and an average price target of $57.67.

First Financial Corporation Indiana Stock Down 0.6%

The business's fifty day moving average price is $55.52 and its 200 day moving average price is $51.66. The company has a market capitalization of $699.15 million, a P/E ratio of 11.28 and a beta of 0.47. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.28 million. First Financial Corporation Indiana had a net margin of 18.44% and a return on equity of 10.90%. As a group, equities research analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 39.01%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in First Financial Corporation Indiana during the 1st quarter valued at about $425,000. Allspring Global Investments Holdings LLC lifted its holdings in First Financial Corporation Indiana by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank's stock valued at $509,000 after purchasing an additional 3,646 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in First Financial Corporation Indiana by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,940 shares of the bank's stock valued at $291,000 after purchasing an additional 834 shares during the last quarter. US Bancorp DE lifted 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 purchasing an additional 1,548 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in First Financial Corporation Indiana during the 1st quarter valued at about $805,000. 72.74% of the stock is 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.