Weiss Ratings Reiterates "Buy (B)" Rating for First Financial Corporation Indiana (NASDAQ:THFF)

Key Points

• Weiss Ratings has reissued a "Buy (B)" rating for First Financial Corporation Indiana (NASDAQ:THFF), indicating ongoing confidence in the company's stock performance.
• Other analysts have also shown positive sentiment, with Keefe, Bruyette & Woods increasing the target price from $55.00 to $61.00, while Wall Street Zen upgraded the stock from "Hold" to "Buy".
• As of the latest earnings report, First Financial Corporation Indiana posted an EPS of $1.57, surpassing estimates and reflecting solid financial performance despite a slight dip in stock price.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, First Financial Corporation Indiana presently has an average rating of "Moderate Buy" and a consensus target price of $57.67.

First Financial Corporation Indiana Stock Down 0.4%

THFF opened at $53.66 on Wednesday. The business has a 50 day moving average price of $56.66 and a two-hundred day moving average price of $53.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $635.87 million, a PE ratio of 10.26 and a beta of 0.43. First Financial Corporation Indiana has a 52 week low of $40.98 and a 52 week high of $63.04.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.28 million. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%. As a group, research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current year.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of large investors have recently bought and sold shares of the stock. Country Trust Bank grew its holdings in First Financial Corporation Indiana by 6.7% during the 2nd quarter. Country Trust Bank now owns 3,200 shares of the bank's stock valued at $173,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of First Financial Corporation Indiana by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 11,302 shares of the bank's stock worth $612,000 after purchasing an additional 213 shares during the period. CWM LLC lifted its stake in shares of First Financial Corporation Indiana by 2.4% during the 2nd quarter. CWM LLC now owns 9,725 shares of the bank's stock worth $527,000 after purchasing an additional 230 shares during the period. Captrust Financial Advisors lifted its stake in shares of First Financial Corporation Indiana by 2.0% during the 2nd quarter. Captrust Financial Advisors now owns 15,094 shares of the bank's stock worth $818,000 after purchasing an additional 300 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Financial Corporation Indiana by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank's stock worth $334,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 72.74% of the company's stock.

About First Financial Corporation Indiana

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.

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