First Financial Corporation Indiana (NASDAQ:THFF) Raised to Buy at Wall Street Zen

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Separately, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th.

First Financial Corporation Indiana Trading Down 0.5%

Shares of First Financial Corporation Indiana stock opened at $56.06 on Friday. The stock's 50 day simple moving average is $53.22 and its 200-day simple moving average is $50.02. The stock has a market cap of $664.31 million, a P/E ratio of 12.13 and a beta of 0.43. 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 has a 1-year low of $38.87 and a 1-year high of $57.91.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $1.55 EPS 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 return on equity of 9.88% and a net margin of 16.99%. Analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

Hedge Funds Weigh In On First Financial Corporation Indiana

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana during the fourth quarter worth approximately $39,000. US Bancorp DE lifted its stake in First Financial Corporation Indiana by 167.0% during the first 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. XTX Topco Ltd bought a new stake in First Financial Corporation Indiana during the fourth quarter worth approximately $213,000. Jane Street Group LLC acquired a new position in First Financial Corporation Indiana in the first quarter worth approximately $213,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of First Financial Corporation Indiana in the fourth quarter valued at $236,000. Institutional investors and hedge funds 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.

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