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

Key Points

• First Financial Indiana shares rose above their 200-day moving average, reaching $78.94 and last trading at $77.88, compared with a 200-day average of $71.23.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $88.00; ratings include one Strong Buy and four Holds.
• The bank exceeded quarterly earnings expectations, reporting $1.91 in EPS versus $1.79 forecast, and maintains a quarterly dividend of $0.56, equal to a 2.9% annualized yield.

Shares of First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $71.23 and traded as high as $78.94. First Financial Corporation Indiana shares last traded at $77.88, with a volume of 113,823 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price on the stock. in a research note on Friday, August 7th. Keefe, Bruyette & Woods upped their price target 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. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a "market perform" rating for the company. Weiss Ratings reiterated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Capital One Financial set a $90.00 price objective on First Financial Corporation Indiana in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $88.00.

First Financial Corporation Indiana Stock Down 1.8%

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 company has a market capitalization of $925.99 million, a PE ratio of 10.91 and a beta of 0.41. The business's 50 day simple moving average is $78.77 and its 200 day simple moving average is $71.23.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.12. The business had revenue of $71.87 million during the quarter, compared to analysts' expectations of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. As a group, analysts anticipate that First Financial Corporation Indiana will post 7.54 earnings per share 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. Investors of record on Wednesday, July 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is presently 31.37%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock worth $32,000 after purchasing an additional 468 shares during the period. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth about $47,000. Smartleaf Asset Management LLC raised its holdings in First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank's stock valued at $85,000 after buying an additional 804 shares during the period. PNC Financial Services Group Inc. raised its holdings in First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank's stock valued at $95,000 after buying an additional 216 shares during the period. Finally, Advisory Services Network LLC acquired a new position in First Financial Corporation Indiana in the third quarter valued at about $89,000. Hedge funds and other 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.

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