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

Key Points

• First Financial Corporation Indiana's stock reached a new 52-week high of $63.04, recently trading at $57.63 with a volume of 876 shares.
• Research analysts have mixed opinions, with one upgrading the stock to "buy" and two maintaining a "hold" rating, while the average target price is set at $57.67.
• The company declared a quarterly dividend of $0.51 per share, reflecting an annualized yield of 3.6%, with a payout ratio of 39.01%.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $63.04 and last traded at $57.63, with a volume of 876 shares trading hands. The stock had previously closed at $57.81.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target 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. Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, First Financial Corporation Indiana currently has an average rating of "Hold" and an average target price of $57.67.

First Financial Corporation Indiana Price Performance

The company's 50 day moving average price is $56.76 and its 200-day moving average price is $52.77. The company has a market capitalization of $679.60 million, a PE ratio of 10.98 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.

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

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 1st. First Financial Corporation Indiana's dividend payout ratio is 39.01%.

Institutional Trading of First Financial Corporation Indiana

Institutional investors have recently added to or reduced their stakes in the business. Country Trust Bank increased its stake in shares of First Financial Corporation Indiana by 6.7% in the second quarter. Country Trust Bank now owns 3,200 shares of the bank's stock valued at $173,000 after purchasing an additional 200 shares during the period. First Trust Advisors LP increased its stake 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 during the period. CWM LLC increased its stake in shares of First Financial Corporation Indiana by 2.4% in the second quarter. CWM LLC now owns 9,725 shares of the bank's stock valued at $527,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Financial Corporation Indiana by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock valued at $301,000 after purchasing an additional 266 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of First Financial Corporation Indiana by 2.0% in the second quarter. Captrust Financial Advisors now owns 15,094 shares of the bank's stock valued at $818,000 after purchasing an additional 300 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

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.

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