First Financial Corporation Indiana (NASDAQ:THFF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• EPS beat: First Financial reported Q EPS of $1.67, beating the consensus by $0.03, while revenue slightly missed at $68.15M versus $69.78M; the bank posted a 13.02% ROE and a 22.79% net margin.
• The company declared/paid a quarterly dividend of $0.56 (annualized $2.24), implying a 3.3% yield with a payout ratio of 33.53%.
• Shares opened at $67.46 (up 0.8%), with a market cap of about $802M and a P/E of 10.1; analysts show mixed views but an average rating of "Moderate Buy" and a consensus target of $62.00.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03, Zacks reports. The firm had revenue of $68.15 million during the quarter, compared to analysts' expectations of $69.78 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%.

First Financial Corporation Indiana Stock Up 0.8%

THFF stock opened at $67.46 on Wednesday. The firm has a market cap of $802.10 million, a PE ratio of 10.10 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86. First Financial Corporation Indiana has a one year low of $46.15 and a one year high of $69.21. The firm's 50 day moving average price is $64.23 and its 200-day moving average price is $61.72.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, April 1st. First Financial Corporation Indiana's payout ratio is presently 33.53%.

Wall Street Analyst Weigh In

THFF has been the subject of a number of research reports. Weiss Ratings raised shares of First Financial Corporation Indiana from a "buy (b)" rating to a "buy (a-)" rating in a report on Monday. Zacks Research lowered shares of First Financial Corporation Indiana from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, First Financial Corporation Indiana currently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors have recently modified their holdings of THFF. CANADA LIFE ASSURANCE Co raised its stake in shares of First Financial Corporation Indiana by 11.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank's stock worth $99,000 after purchasing an additional 167 shares during the last quarter. Private Advisor Group LLC raised its position in First Financial Corporation Indiana by 3.8% during the third quarter. Private Advisor Group LLC now owns 5,360 shares of the bank's stock worth $303,000 after acquiring an additional 194 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of First Financial Corporation Indiana by 2.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank's stock valued at $597,000 after purchasing an additional 200 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of First Financial Corporation Indiana by 1.9% in the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank's stock valued at $612,000 after purchasing an additional 213 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of First Financial Corporation Indiana by 16.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank's stock worth $95,000 after purchasing an additional 216 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company's service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.