First Financial Corporation Indiana (NASDAQ:THFF) Hits New 12-Month High – Time to Buy?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) hit a new 52-week high during trading on Friday . The company traded as high as $71.80 and last traded at $71.3320, with a volume of 45438 shares trading hands. The stock had previously closed at $70.65.

Analyst Upgrades and Downgrades

THFF has been the topic of a number of recent research reports. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods lifted their price target on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Stock Up 0.6%

The stock has a 50 day moving average price of $66.67 and a 200 day moving average price of $64.04. The stock has a market capitalization of $845.14 million, a price-to-earnings ratio of 10.45 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

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

First Financial Corporation Indiana Announces Dividend

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

Hedge Funds Weigh In On First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Financial Corp IN raised its stake in First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after buying an additional 19,784 shares during the last quarter. Ritholtz Wealth Management lifted its stake in First Financial Corporation Indiana by 253.5% in the fourth quarter. Ritholtz Wealth Management now owns 42,859 shares of the bank’s stock valued at $2,590,000 after buying an additional 30,734 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in First Financial Corporation Indiana by 932.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after buying an additional 90,813 shares during the period. American Century Companies Inc. lifted its stake in First Financial Corporation Indiana by 11.2% in the third quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock valued at $17,876,000 after buying an additional 31,992 shares during the period. Finally, Tredje AP fonden acquired a new position in First Financial Corporation Indiana in the third quarter valued at approximately $713,000. 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.