First Financial Corporation Indiana (NASDAQ:THFF) Sets New 1-Year High – Should You Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $70.29 and last traded at $69.69, with a volume of 77019 shares traded. The stock had previously closed at $68.58.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, First Financial Corporation Indiana has a consensus rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Stock Up 0.1%

The firm has a 50-day moving average of $65.73 and a 200 day moving average of $63.57. The stock has a market capitalization of $822.31 million, a price-to-earnings ratio of 10.17 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.2%. First Financial Corporation Indiana’s payout ratio is 32.94%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 last quarter. Goldman Sachs Group Inc. increased its holdings in First Financial Corporation Indiana by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after purchasing an additional 1,666 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Financial Corporation Indiana during the 1st quarter worth approximately $213,000. Legal & General Group Plc increased its holdings in First Financial Corporation Indiana by 12.6% during the 2nd quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock worth $685,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in First Financial Corporation Indiana by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock worth $967,000 after purchasing an additional 494 shares during the last quarter. 72.74% of the stock is 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.