First Financial Corporation Indiana (NASDAQ:THFF) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• First Financial Corporation Indiana (NASDAQ:THFF) shares have crossed above their 200-day moving average, reaching a high of $55.33 during trading, with a last traded price of $54.55.
• Analysts have provided a largely positive outlook, with price targets raised and a consensus rating of "Moderate Buy" amid recent upgrades from various firms.
• The company announced a quarterly dividend of $0.51 per share, representing a yield of 3.7%, to be paid on October 15th to stockholders of record by October 1st.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.00 and traded as high as $55.33. First Financial Corporation Indiana shares last traded at $54.55, with a volume of 64,533 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on THFF shares. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Raymond James Financial restated 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, July 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of First Financial Corporation Indiana in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana has an average rating of "Moderate Buy" and a consensus price target of $57.67.

First Financial Corporation Indiana Trading Up 0.3%

The stock has a 50-day moving average price of $56.69 and a two-hundred day moving average price of $53.00. The stock has a market capitalization of $646.42 million, a PE ratio of 10.43 and a beta of 0.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $1.57 EPS 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 company had revenue of $63.05 million for the quarter, compared to analysts' expectations of $63.28 million. As a group, equities analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 39.01%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors have recently bought and sold shares of THFF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Financial Corporation Indiana by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,719 shares of the bank's stock valued at $1,142,000 after acquiring an additional 1,989 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in First Financial Corporation Indiana during the 4th quarter valued at approximately $236,000. GAMMA Investing LLC raised its stake in First Financial Corporation Indiana by 26,022.2% during the 1st quarter. GAMMA Investing LLC now owns 11,755 shares of the bank's stock valued at $576,000 after purchasing an additional 11,710 shares during the period. Wedge Capital Management L L P NC lifted its holdings in First Financial Corporation Indiana by 10.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 15,206 shares of the bank's stock worth $745,000 after purchasing an additional 1,467 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in First Financial Corporation Indiana by 4.5% in the 1st quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock worth $746,000 after purchasing an additional 656 shares during the period. Hedge funds and other 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.

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