First Financial Corporation Indiana (NASDAQ:THFF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

First Financial Corporation Indiana (NASDAQ:THFF) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $87.25.

Several equities research analysts recently issued reports on the company. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research report on Friday, August 7th. Hovde Group assumed coverage on shares of First Financial Corporation Indiana in a report on Monday, October 12th. They issued an “outperform” rating and a $85.00 price objective for the company. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating on the stock.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in First Financial Corporation Indiana by 166.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the bank’s stock worth $212,000 after acquiring an additional 1,793 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $523,000. Engineers Gate Manager LP acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $599,000. Integrated Wealth Concepts LLC bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth approximately $96,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth approximately $259,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Up 1.4%

THFF stock opened at $75.03 on Wednesday. First Financial Corporation Indiana has a twelve month low of $52.45 and a twelve month high of $84.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $892.11 million, a P/E ratio of 10.51 and a beta of 0.44. The firm has a 50 day simple moving average of $76.94 and a 200-day simple moving average of $73.81.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. On average, equities research analysts predict that First Financial Corporation Indiana will post 7.54 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. First Financial Corporation Indiana’s payout ratio is 31.37%.

About First Financial Corporation Indiana

First Financial Corporation (NASDAQ: THFF) is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.