First Financial Corporation Indiana (NASDAQ:THFF) Sees Large Volume Increase - What's Next?

Key Points

• Trading activity increased relative to typical levels, with about 74,058 shares changing hands while THFF traded near $73.20, below its 50-day moving average of $77.90.
• Analyst sentiment remains positive overall: the stock has a consensus “Moderate Buy” rating and an average price target of $87.25, compared with its current price.
• First Financial exceeded quarterly EPS expectations, reporting $1.91 versus the $1.79 estimate, and declared a $0.56 quarterly dividend, representing a 3.1% annualized yield.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 74,058 shares were traded during trading, a decline of 21% from the previous session's volume of 94,187 shares. The stock last traded at $73.1960 and had previously closed at $73.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Hovde Group started coverage on First Financial Corporation Indiana in a report on Monday. They set an "outperform" rating and a $85.00 target price for the company. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, August 28th. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a report on Friday, August 7th. Finally, Brean Capital lowered First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price target for the company. in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.25.

First Financial Corporation Indiana Stock Performance

The firm's 50 day moving average is $77.90 and its 200 day moving average is $73.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $868.00 million, a P/E ratio of 10.20 and a beta of 0.44.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.12. The business had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. Analysts anticipate that First Financial Corporation Indiana will post 7.54 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 31.37%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank's stock valued at $45,021,000 after purchasing an additional 3,870 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of First Financial Corporation Indiana by 33.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank's stock worth $8,492,000 after buying an additional 33,821 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of First Financial Corporation Indiana by 8.9% during the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank's stock worth $7,342,000 after buying an additional 9,500 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of First Financial Corporation Indiana by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank's stock worth $4,936,000 after buying an additional 909 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of First Financial Corporation Indiana by 8.0% during the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank's stock valued at $3,626,000 after buying an additional 4,282 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

About First Financial Corporation Indiana

First Financial Corporation NASDAQ: THFF is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.

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