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

Key Points

• First Financial Corporation Indiana (NASDAQ:THFF) shares reached a new 52-week high of $59.74 during trading, signaling strong market performance.
• Analysts upgraded the stock's rating from "hold" to "buy" and raised the price target to $61.00, indicating positive outlook among investment analysts.
• The company reported earnings of $1.57 per share, surpassing estimates, and announced a quarterly dividend of $0.51 with a yield of 3.5%.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.74 and last traded at $59.21, with a volume of 4357 shares. The stock had previously closed at $59.24.

Wall Street Analyst Weigh In

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

First Financial Corporation Indiana Stock Up 0.1%

The firm has a market cap of $695.36 million, a price-to-earnings ratio of 11.22 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $56.12 and a 200-day moving average price of $51.91.

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

First Financial Corporation Indiana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. First Financial Corporation Indiana's payout ratio is presently 39.01%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in THFF. Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Financial Corporation Indiana in the 1st quarter valued at about $425,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $509,000 after purchasing an additional 3,646 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 worth $291,000 after purchasing an additional 834 shares during the period. US Bancorp DE grew its holdings in shares of First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock worth $121,000 after purchasing an additional 1,548 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of First Financial Corporation Indiana during the 1st quarter worth about $805,000. Institutional investors and hedge funds own 72.74% of the company's stock.

First Financial Corporation Indiana Company Profile

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.