First Financial Corporation Indiana (NASDAQ:THFF) Stock Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• THFF shares moved above their 200-day moving average, reaching $75.06 before closing near $74.71, though they remained below the 50-day average of $78.61.
• Analyst sentiment is largely cautious: the stock has an average “Hold” rating and an $88 consensus price target, with ratings ranging from Strong Buy to Neutral.
• First Financial reported quarterly EPS of $1.91, exceeding estimates of $1.79, and declared a $0.56 quarterly dividend—a 3.0% yield and $2.24 annualized payout.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $72.90 and traded as high as $75.06. First Financial Corporation Indiana shares last traded at $74.71, with a volume of 89,419 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on THFF shares. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price target on the stock. in a research note on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. Finally, Capital One Financial set a $90.00 price objective on First Financial Corporation Indiana in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $88.00.

First Financial Corporation Indiana Trading Down 0.4%

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day simple moving average of $78.61 and a two-hundred day simple moving average of $72.90. The stock has a market cap of $888.30 million, a price-to-earnings ratio of 10.46 and a beta of 0.44.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 $71.87 million during the quarter, compared to analysts' expectations of $72.84 million. Equities analysts forecast that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 3.0%. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 31.37%.

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THFF. Sequoia Financial Advisors LLC acquired a new position in First Financial Corporation Indiana in the second quarter valued at about $523,000. Engineers Gate Manager LP acquired a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at approximately $599,000. Integrated Wealth Concepts LLC acquired a new stake in First Financial Corporation Indiana in the second quarter valued at approximately $96,000. Allianz Asset Management GmbH acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter valued at $259,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of First Financial Corporation Indiana during the second quarter valued at about $366,000. 72.74% of the stock is owned by institutional investors.

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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