First Financial Corporation Indiana (NASDAQ:THFF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised its price target on First Financial Corporation Indiana to $70 (from $68) and kept a "market perform" rating, implying about a 4.2% upside from the prior close.
• Shares traded up 2.6% to $67.17 with a market cap near $799 million and a PE of 9.87; the bank reported Q1 EPS of $1.67 (beating estimates) but revenue slightly missed consensus, with a net margin of 22.82% and ROE of 13.0%.
• Analyst coverage is mixed—one Strong Buy and three Holds—with a consensus rating of "Moderate Buy" and an average target price of $70.00.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $68.00 to $70.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 4.21% from the company's previous close.

Several other equities analysts have also commented on THFF. Zacks Research lowered shares of First Financial Corporation Indiana from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a "buy (b)" rating to a "buy (a-)" rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.00.

First Financial Corporation Indiana Stock Up 2.6%

NASDAQ:THFF traded up $1.70 during mid-day trading on Tuesday, hitting $67.17. The stock had a trading volume of 23,080 shares, compared to its average volume of 78,296. The stock has a 50-day simple moving average of $64.19 and a two-hundred day simple moving average of $61.88. The company has a market capitalization of $798.64 million, a PE ratio of 9.87 and a beta of 0.42. First Financial Corporation Indiana has a twelve month low of $49.70 and a twelve month high of $69.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.29.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $68.15 million for the quarter, compared to analysts' expectations of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 13.00%. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 7.05 EPS for the current year.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently modified their holdings of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 worth $334,000 after acquiring an additional 312 shares during the period. Goldman Sachs Group Inc. lifted its holdings in First Financial Corporation Indiana by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank's stock valued at $4,992,000 after acquiring an additional 1,666 shares during the period. Jane Street Group LLC acquired a new stake in First Financial Corporation Indiana in the first quarter valued at $213,000. Legal & General Group Plc lifted its holdings in First Financial Corporation Indiana by 12.6% in the second quarter. Legal & General Group Plc now owns 12,647 shares of the bank's stock valued at $685,000 after acquiring an additional 1,417 shares during the period. Finally, Rhumbline Advisers increased its position in shares of First Financial Corporation Indiana by 2.8% in the second quarter. Rhumbline Advisers now owns 17,845 shares of the bank's stock valued at $967,000 after buying an additional 494 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Company Profile

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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