First Financial Corporation Indiana (NASDAQ:THFF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $60.00.

A number of brokerages have issued reports on THFF. Keefe, Bruyette & Woods increased their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Finally, Zacks Research cut shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of First Financial Corporation Indiana by 2.3% in the second quarter. Acadian Asset Management LLC now owns 201,495 shares of the bank’s stock valued at $10,918,000 after purchasing an additional 4,613 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in First Financial Corporation Indiana by 12.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,706 shares of the bank’s stock valued at $526,000 after buying an additional 1,046 shares in the last quarter. American Century Companies Inc. grew its holdings in First Financial Corporation Indiana by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 284,734 shares of the bank’s stock valued at $15,430,000 after buying an additional 27,040 shares in the last quarter. First Financial Corp IN increased its stake in shares of First Financial Corporation Indiana by 5.5% in the 3rd quarter. First Financial Corp IN now owns 619,115 shares of the bank’s stock worth $34,943,000 after acquiring an additional 32,553 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of First Financial Corporation Indiana by 261.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,983 shares of the bank’s stock worth $1,300,000 after acquiring an additional 17,355 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Down 1.5%

THFF opened at $62.48 on Thursday. First Financial Corporation Indiana has a fifty-two week low of $42.05 and a fifty-two week high of $66.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average of $61.69 and a two-hundred day moving average of $57.93. The stock has a market capitalization of $740.39 million, a price-to-earnings ratio of 10.01 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, October 28th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. The business had revenue of $65.75 million for the quarter, compared to analyst estimates of $65.53 million. On average, research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.56 per share. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 2nd. This represents a $2.24 annualized dividend and a yield of 3.6%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 35.90%.

First Financial Corporation Indiana Company Profile

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.