First Financial Corporation Indiana (NASDAQ:THFF) Plans Quarterly Dividend of $0.51

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) announced a quarterly dividend on Tuesday, June 17th, Wall Street Journal reports. Investors of record on Tuesday, July 1st will be paid a dividend of 0.51 per share by the bank on Tuesday, July 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, July 1st.

First Financial Corporation Indiana has a dividend payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Financial Corporation Indiana to earn $5.94 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 34.3%.

First Financial Corporation Indiana Stock Up 3.4%

THFF stock traded up $1.74 during midday trading on Monday, hitting $52.67. The company's stock had a trading volume of 60,893 shares, compared to its average volume of 55,301. The company has a market cap of $624.14 million, a PE ratio of 11.40 and a beta of 0.42. The firm's 50-day moving average is $50.16 and its 200-day moving average is $48.98. First Financial Corporation Indiana has a 12 month low of $34.83 and a 12 month high of $53.60. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 EPS for the quarter, beating the consensus estimate of $1.29 by $0.26. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. The company had revenue of $62.49 million for the quarter, compared to analysts' expectations of $62.04 million. On average, equities research analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on THFF. Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Janney Montgomery Scott upgraded shares of First Financial Corporation Indiana from a "neutral" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Monday, February 24th.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of First Financial Corporation Indiana in the 1st quarter worth about $213,000. Goldman Sachs Group Inc. lifted its stake 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 worth $4,992,000 after purchasing an additional 1,666 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $334,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors 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.