First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• First Financial (NASDAQ:THFF) crossed above its 200-day moving average of $60.51, trading as high as $64.79 and last at $64.07 on volume of 78,288 shares.
• The bank beat Q4 estimates with EPS of $1.81 versus $1.69 expected and revenue of $70.55M versus $67.93M, posting a net margin of 22.79% and a return on equity of 13.02%.
• It declared a quarterly dividend of $0.56 (annualized $2.24) for a 3.5% yield, while analysts hold a consensus “Hold” rating with a $62 price target (one Buy, three Hold).

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $60.51 and traded as high as $64.79. First Financial Corporation Indiana shares last traded at $64.07, with a volume of 78,288 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of First Financial Corporation Indiana in a report on Friday, March 27th. Zacks Research lowered shares of First Financial Corporation Indiana from a "strong-buy" rating to a "hold" rating in a report on Monday, January 19th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Corporation Indiana has a consensus rating of "Hold" and a consensus price target of $62.00.

First Financial Corporation Indiana Stock Performance

The firm's 50 day simple moving average is $64.12 and its 200-day simple moving average is $60.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $761.92 million, a price-to-earnings ratio of 9.59 and a beta of 0.40.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.12. The firm had revenue of $70.55 million for the quarter, compared to analysts' expectations of $67.93 million. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.02%. On average, sell-side analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.5%. First Financial Corporation Indiana's payout ratio is presently 33.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of First Financial Corporation Indiana by 8.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank's stock valued at $286,000 after acquiring an additional 371 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of First Financial Corporation Indiana by 2.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank's stock valued at $597,000 after acquiring an additional 200 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of First Financial Corporation Indiana during the 4th quarter valued at about $400,000. Empowered Funds LLC boosted its position in shares of First Financial Corporation Indiana by 10.7% during the 4th quarter. Empowered Funds LLC now owns 53,612 shares of the bank's stock valued at $3,209,000 after acquiring an additional 5,202 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in First Financial Corporation Indiana by 5.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 92,858 shares of the bank's stock valued at $5,610,000 after buying an additional 5,086 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company's stock.

About First Financial Corporation Indiana

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company's service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.

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