First Financial Corporation Indiana (NASDAQ:THFF) Now Covered by Analysts at Raymond James Financial

Raymond James Financial began coverage on shares of First Financial Corporation Indiana (NASDAQ:THFF) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued a market perform rating on the bank’s stock.

Several other research firms have also recently issued reports on THFF. Keefe, Bruyette & Woods upped their price objective on 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 raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $75.45 on Thursday. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $78.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $71.32 and a 200-day moving average price of $66.54. The company has a market capitalization of $897.10 million, a PE ratio of 11.10 and a beta of 0.42.

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

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.56 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 3.0%. First Financial Corporation Indiana’s dividend payout ratio is 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of large investors have recently added to or reduced their stakes in THFF. Los Angeles Capital Management LLC boosted its stake in shares of First Financial Corporation Indiana by 0.7% in the 4th 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 last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in First Financial Corporation Indiana by 11.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock valued at $99,000 after acquiring an additional 167 shares during the period. Private Advisor Group LLC boosted its position in First Financial Corporation Indiana by 3.8% in the third quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after purchasing an additional 194 shares during the last quarter. State of Tennessee Department of Treasury boosted its position 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 purchasing an additional 200 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of First Financial Corporation Indiana by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after purchasing an additional 213 shares during the period. Institutional investors own 72.74% of the company’s stock.

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.