Raymond James Financial Reaffirms 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 restated by equities researchers at Raymond James Financial in a report released on Tuesday, MarketBeat Ratings reports.

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

First Financial Corporation Indiana Price Performance

THFF stock traded up $0.18 during midday trading on Tuesday, reaching $56.53. The stock had a trading volume of 80,186 shares, compared to its average volume of 55,830. The company's fifty day simple moving average is $52.13 and its 200 day simple moving average is $49.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $669.94 million, a price-to-earnings ratio of 12.24 and a beta of 0.43. First Financial Corporation Indiana has a 52-week low of $35.74 and a 52-week high of $57.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share 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 analyst estimates of $62.04 million. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. As a group, sell-side analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of First Financial Corporation Indiana during the 4th quarter worth $39,000. US Bancorp DE raised 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 acquiring an additional 1,548 shares during the period. Jane Street Group LLC purchased a new position in shares of First Financial Corporation Indiana during the 1st quarter worth $213,000. XTX Topco Ltd purchased a new position in shares of First Financial Corporation Indiana during the 4th quarter worth $213,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Financial Corporation Indiana during the 4th quarter worth $236,000. Hedge funds and other institutional investors 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.