First Financial Corporation Indiana (NASDAQ:THFF) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of First Financial Corporation Indiana (NASDAQ:THFF) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also issued reports on THFF. Hovde Group began coverage on shares of First Financial Corporation Indiana in a report on Monday, October 12th. They set an “outperform” rating and a $85.00 price target on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Thursday, October 22nd. Brean Capital cut shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 7th. Capital One Financial set a $90.00 target price on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. Finally, Raymond James Financial started coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.25.

First Financial Corporation Indiana Trading Down 1.2%

First Financial Corporation Indiana stock opened at $76.55 on Friday. The firm has a market cap of $910.18 million, a price-to-earnings ratio of 9.94 and a beta of 0.44. First Financial Corporation Indiana has a 1 year low of $52.45 and a 1 year high of $84.17. The firm’s 50 day moving average price is $76.27 and its two-hundred day moving average price is $71.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. The company had revenue of $74.96 million during the quarter, compared to the consensus estimate of $75.31 million. On average, research analysts predict that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, October 1st. First Financial Corporation Indiana’s payout ratio is currently 29.09%.

Hedge Funds Weigh In On First Financial Corporation Indiana

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in First Financial Corporation Indiana during the second quarter valued at about $96,000. PNC Financial Services Group Inc. lifted its position in shares of First Financial Corporation Indiana by 30.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after buying an additional 479 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of First Financial Corporation Indiana in the third quarter worth about $208,000. Nisa Investment Advisors LLC boosted its stake in shares of First Financial Corporation Indiana by 166.9% during the 3rd 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 in the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth about $259,000. 72.74% of the stock is owned by institutional investors and hedge funds.

About First Financial Corporation Indiana

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.