First Financial Corporation Indiana (NASDAQ:THFF) Releases Earnings Results, Beats Expectations By $0.14 EPS

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14, Zacks reports. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%.

First Financial Corporation Indiana Trading Up 1.3%

THFF stock traded up $0.72 during mid-day trading on Tuesday, reaching $56.53. The company had a trading volume of 24,716 shares, compared to its average volume of 55,607. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $669.88 million, a PE ratio of 12.24 and a beta of 0.43. The firm has a 50 day moving average of $53.22 and a 200 day moving average of $50.05. First Financial Corporation Indiana has a 12 month low of $38.87 and a 12 month high of $57.91.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.51 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.61%. First Financial Corporation Indiana's dividend payout ratio is currently 44.16%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several hedge funds have recently modified their holdings of THFF. Goldman Sachs Group Inc. increased its stake in First Financial Corporation Indiana by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank's stock valued at $4,992,000 after purchasing an additional 1,666 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in First Financial Corporation Indiana by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank's stock valued at $334,000 after buying an additional 312 shares during the period. Finally, Jane Street Group LLC acquired a new stake in First Financial Corporation Indiana during the first quarter valued at $213,000. Hedge funds and other institutional investors own 72.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on THFF. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday.

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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