First Financial Corporation Indiana (NASDAQ:THFF) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS

First Financial Corporation Indiana (NASDAQ:THFF) issued its quarterly earnings data on Tuesday. The bank reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.28, FiscalAI reports. The business had revenue of $74.96 million for the quarter, compared to analysts’ expectations of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.

First Financial Corporation Indiana Stock Performance

NASDAQ THFF opened at $76.46 on Tuesday. First Financial Corporation Indiana has a 52-week low of $52.45 and a 52-week high of $84.17. The company has a 50-day simple moving average of $76.63 and a 200 day simple moving average of $70.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $909.11 million, a PE ratio of 10.74 and a beta of 0.44.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.56 per share. The ex-dividend date was Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 2.9%. First Financial Corporation Indiana’s dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Hovde Group started coverage on shares of First Financial Corporation Indiana in a research note on Monday, October 12th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and a consensus price target of $87.25.

First Financial Corporation Indiana Company Profile

First Financial Corporation 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 organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.