First Financial Corporation Indiana (NASDAQ:THFF) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• First Financial Corporation Indiana shares have crossed above their 200-day moving average, trading at $54.18 with a volume of 120,145 shares.
• Research analysts have issued a consensus rating of "Moderate Buy" for the stock, with a consensus price target of $57.67.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized yield of 3.8%.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.32 and traded as high as $54.20. First Financial Corporation Indiana shares last traded at $54.18, with a volume of 120,145 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Financial Corporation Indiana in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Finally, 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.67.

First Financial Corporation Indiana Stock Up 5.1%

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $642.03 million, a price-to-earnings ratio of 10.36 and a beta of 0.43. The stock's fifty day moving average price is $56.65 and its 200-day moving average price is $53.32.

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

First Financial Corporation Indiana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, October 1st. First Financial Corporation Indiana's payout ratio is presently 39.01%.

Insiders Place Their Bets

In other news, Director James O. Mcdonald bought 2,295 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were acquired at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the completion of the acquisition, the director owned 11,757 shares in the company, valued at approximately $614,303.25. This represents a 24.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On First Financial Corporation Indiana

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in First Financial Corporation Indiana during the first quarter worth $425,000. Allspring Global Investments Holdings LLC boosted its position in First Financial Corporation Indiana by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank's stock worth $509,000 after purchasing an additional 3,646 shares during the period. Voya Investment Management LLC bought a new position in First Financial Corporation Indiana during the first quarter worth $529,000. Wealth Enhancement Advisory Services LLC boosted its position in First Financial Corporation Indiana by 16.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,940 shares of the bank's stock worth $291,000 after purchasing an additional 834 shares during the period. Finally, US Bancorp DE boosted its position in First Financial Corporation Indiana by 167.0% during the first quarter. US Bancorp DE now owns 2,475 shares of the bank's stock worth $121,000 after purchasing an additional 1,548 shares during the period. 72.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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