First Financial Corporation Indiana (NASDAQ:THFF) Price Target Raised to $61.00

First Financial Corporation Indiana (NASDAQ:THFF - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $55.00 to $61.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the bank's stock.

A number of other research firms have also recently commented on THFF. 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 raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday.

First Financial Corporation Indiana Price Performance

NASDAQ:THFF traded down $1.07 during mid-day trading on Wednesday, reaching $55.41. The stock had a trading volume of 50,437 shares, compared to its average volume of 60,149. The stock has a 50-day simple moving average of $53.47 and a two-hundred day simple moving average of $50.28. The stock has a market capitalization of $656.61 million, a PE ratio of 10.59 and a beta of 0.43. First Financial Corporation Indiana has a 12 month low of $38.87 and a 12 month high of $57.91. 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, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $63.05 million for the quarter, compared to analysts' expectations of $63.28 million. First Financial Corporation Indiana had a net margin of 18.44% and a return on equity of 11.02%. On average, equities analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, July 1st. First Financial Corporation Indiana's payout ratio is presently 39.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THFF. Raymond James Financial Inc. purchased a new stake in First Financial Corporation Indiana in the 4th quarter worth approximately $605,000. Intech Investment Management LLC bought a new stake in First Financial Corporation Indiana during the 4th quarter valued at approximately $284,000. Teacher Retirement System of Texas lifted its holdings in First Financial Corporation Indiana by 24.1% in the 4th quarter. Teacher Retirement System of Texas now owns 19,782 shares of the bank's stock worth $914,000 after purchasing an additional 3,837 shares in the last quarter. Quantbot Technologies LP purchased a new position in First Financial Corporation Indiana in the 4th quarter worth approximately $39,000. Finally, American Century Companies Inc. lifted its holdings in shares of First Financial Corporation Indiana by 9.2% in the fourth quarter. American Century Companies Inc. now owns 235,412 shares of the bank's stock worth $10,874,000 after buying an additional 19,867 shares in the last quarter. Institutional investors own 72.74% of the company's stock.

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.