First Financial Corporation Indiana (NASDAQ:THFF) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• First Financial Corporation Indiana's stock price recently surpassed its 200-day moving average, trading at $55.86, which indicates positive market momentum.
• Wall Street analysts have upgraded the company's stock ratings, with one brokerage increasing its target price from $55.00 to $61.00.
• The company announced a quarterly dividend of $0.51 per share, yielding 3.7%, reflecting a solid return for investors.

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.04 and traded as high as $56.09. First Financial Corporation Indiana shares last traded at $55.86, with a volume of 64,274 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods raised their target price on 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.

First Financial Corporation Indiana Price Performance

The stock has a 50 day moving average of $54.34 and a two-hundred day moving average of $51.20. The stock has a market cap of $652.46 million, a PE ratio of 10.53 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.90% and a net margin of 18.44%. The firm had revenue of $63.05 million during the quarter, compared to analyst estimates of $63.28 million. Equities analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. 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 the business. MAI Capital Management acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock valued at $32,000 after buying an additional 468 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $47,000. US Bancorp DE lifted its holdings in shares of First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock valued at $121,000 after buying an additional 1,548 shares during the last quarter. Finally, EMC Capital Management acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $137,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.

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.