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

First Financial Corporation Indiana (NASDAQ:THFF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.90 and traded as high as $69.40. First Financial Corporation Indiana shares last traded at $67.61, with a volume of 101,743 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on THFF shares. Keefe, Bruyette & Woods upped their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $66.33 and its 200-day simple moving average is $63.90. The stock has a market capitalization of $803.88 million, a price-to-earnings ratio of 9.94 and a beta of 0.43.

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

First Financial Corporation Indiana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. First Financial Corporation Indiana’s dividend payout ratio is 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC increased its position in shares of First Financial Corporation Indiana by 0.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock worth $1,370,000 after buying an additional 156 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of First Financial Corporation Indiana by 11.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock worth $99,000 after buying an additional 167 shares during the period. Private Advisor Group LLC increased its position in shares of First Financial Corporation Indiana by 3.8% during the third quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after buying an additional 194 shares during the period. State of Tennessee Department of Treasury increased its position in shares of First Financial Corporation Indiana by 2.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after buying an additional 200 shares during the period. Finally, First Trust Advisors LP increased its position in shares of First Financial Corporation Indiana by 1.9% during the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after buying an additional 213 shares during the period. 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.