First Financial Corporation Indiana (NASDAQ:THFF) Receives Average Rating of “Hold” from Brokerages

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $60.00.

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research cut First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Keefe, Bruyette & Woods lifted their price target on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th.

First Financial Corporation Indiana Price Performance

THFF opened at $67.03 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market cap of $794.31 million, a P/E ratio of 10.03 and a beta of 0.42. The company has a fifty day simple moving average of $63.90 and a 200 day simple moving average of $59.33. First Financial Corporation Indiana has a 12 month low of $42.05 and a 12 month high of $69.21.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. First Financial Corporation Indiana had a return on equity of 13.34% and a net margin of 22.79%.The company had revenue of $70.55 million for the quarter, compared to analyst estimates of $67.93 million. On average, research analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, January 2nd. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio is currently 33.53%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its position in shares of First Financial Corporation Indiana by 8.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank’s stock worth $286,000 after buying an additional 371 shares during the period. State of Tennessee Department of Treasury boosted its holdings in First Financial Corporation Indiana by 2.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after acquiring an additional 200 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in First Financial Corporation Indiana in the 4th quarter valued at $400,000. Empowered Funds LLC increased its position in shares of First Financial Corporation Indiana by 10.7% during the fourth quarter. Empowered Funds LLC now owns 53,612 shares of the bank’s stock worth $3,209,000 after acquiring an additional 5,202 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of First Financial Corporation Indiana by 5.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 92,858 shares of the bank’s stock worth $5,610,000 after purchasing an additional 5,086 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

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.