First Financial Corporation Indiana (NASDAQ:THFF) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• THFF shares rose above their 200-day moving average, trading as high as $79.91 versus the $70.48 average, with the latest price at $79.07.
• Analyst sentiment remains cautious: the stock carries a consensus “Hold” rating from five analysts, with an average price target of $86.00; Brean Capital recently downgraded it to “Neutral.”
• First Financial reported quarterly EPS of $1.91, beating estimates of $1.79, and maintains a $0.56 quarterly dividend, equivalent to a 2.8% yield and a 31.37% payout ratio.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $70.48 and traded as high as $79.91. First Financial Corporation Indiana shares last traded at $79.07, with a volume of 78,886 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on THFF. Brean Capital downgraded shares of 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. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. Weiss Ratings reissued a "buy (a-)" rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of "Hold" and a consensus target price of $86.00.

First Financial Corporation Indiana Price Performance

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $78.21 and a 200-day simple moving average of $70.48. The stock has a market cap of $940.14 million, a price-to-earnings ratio of 11.07 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The company had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. As a group, research analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana's payout ratio is currently 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors have recently added to or reduced their stakes in THFF. California State Teachers Retirement System lifted its position in shares of First Financial Corporation Indiana by 9,654.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,052,332 shares of the bank's stock worth $81,493,000 after buying an additional 1,041,544 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $366,000. Empowered Funds LLC bought a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $6,091,000. United Capital Financial Advisors LLC bought a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $537,000. Finally, Bank of America Corp DE bought a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at about $9,050,000. Institutional investors own 72.74% of the company's stock.

About First Financial Corporation Indiana

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source