Raymond James Financial Reiterates "Market Perform" Rating for First Financial Corporation Indiana (NASDAQ:THFF)

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at Raymond James Financial in a research note issued on Tuesday, Marketbeat Ratings reports.

Separately, Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th.

First Financial Corporation Indiana Trading Down 0.9%

First Financial Corporation Indiana stock traded down $0.53 during trading hours on Tuesday, reaching $56.19. 7,454 shares of the company's stock were exchanged, compared to its average volume of 55,850. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm's 50 day simple moving average is $52.55 and its 200 day simple moving average is $49.60. First Financial Corporation Indiana has a twelve month low of $38.61 and a twelve month high of $57.43. The firm has a market capitalization of $665.85 million, a PE ratio of 12.16 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.26. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. The firm had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. Research analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management boosted its position in shares of First Financial Corporation Indiana by 2.1% during the 1st quarter. LSV Asset Management now owns 384,312 shares of the bank's stock worth $18,824,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in First Financial Corporation Indiana by 304.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank's stock valued at $18,636,000 after acquiring an additional 286,409 shares in the last quarter. Geode Capital Management LLC lifted its position in First Financial Corporation Indiana by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 275,748 shares of the bank's stock valued at $12,740,000 after acquiring an additional 2,204 shares in the last quarter. American Century Companies Inc. lifted its position in First Financial Corporation Indiana by 9.5% in the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank's stock valued at $12,622,000 after acquiring an additional 22,282 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in First Financial Corporation Indiana by 7.9% in the 1st quarter. Acadian Asset Management LLC now owns 196,882 shares of the bank's stock valued at $9,642,000 after acquiring an additional 14,398 shares in the last quarter. Institutional investors 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.