First Financial Corporation Indiana (NASDAQ:THFF) Share Price Passes Above 200-Day Moving Average – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $62.46 and traded as high as $66.99. First Financial Corporation Indiana shares last traded at $66.42, with a volume of 66,297 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on THFF shares. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods increased 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. Finally, Zacks Research lowered First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, First Financial Corporation Indiana has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Trading Down 0.4%

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 company has a fifty day simple moving average of $64.44 and a two-hundred day simple moving average of $62.46. The company has a market capitalization of $789.73 million, a P/E ratio of 9.77 and a beta of 0.42.

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

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, April 1st. First Financial Corporation Indiana’s payout ratio is presently 32.94%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in shares of First Financial Corporation Indiana during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake in First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after purchasing an additional 468 shares during the period. Smartleaf Asset Management LLC boosted its stake in First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock worth $34,000 after purchasing an additional 377 shares during the period. Quantbot Technologies LP acquired a new position in First Financial Corporation Indiana in the 2nd quarter worth $47,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of First Financial Corporation Indiana by 16.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after buying an additional 216 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

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.