First Financial Corporation Indiana (NASDAQ:THFF) Stock Passes Above 200-Day Moving Average - Should You Sell?

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.17 and traded as high as $55.57. First Financial Corporation Indiana shares last traded at $54.91, with a volume of 77,341 shares traded.

Wall Street Analysts Forecast Growth

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 Stock Up 1.9%

The firm has a market cap of $674.74 million, a P/E ratio of 12.32 and a beta of 0.43. The firm's 50-day moving average price is $51.99 and its 200 day moving average price is $49.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.26. The firm had revenue of $62.49 million for the quarter, compared to analyst estimates of $62.04 million. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. On average, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.58%. First Financial Corporation Indiana's payout ratio is currently 44.16%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently made changes to their positions in THFF. Martingale Asset Management L P increased its stake in shares of First Financial Corporation Indiana by 0.4% during the fourth quarter. Martingale Asset Management L P now owns 46,048 shares of the bank's stock valued at $2,127,000 after acquiring an additional 203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Financial Corporation Indiana by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock valued at $301,000 after purchasing an additional 266 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of First Financial Corporation Indiana by 4.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,979 shares of the bank's stock valued at $322,000 after purchasing an additional 327 shares in the last quarter. Legato Capital Management LLC raised its holdings in shares of First Financial Corporation Indiana by 2.4% during the first quarter. Legato Capital Management LLC now owns 27,081 shares of the bank's stock worth $1,326,000 after acquiring an additional 634 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of First Financial Corporation Indiana by 4.5% during the first quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock worth $746,000 after acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds 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.