First Financial Corporation Indiana (NASDAQ:THFF) Hits New 52-Week High – Time to Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $75.80 and last traded at $75.6140, with a volume of 2609 shares changing hands. The stock had previously closed at $75.12.

Analysts Set New Price Targets

Several brokerages have 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 stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Stock Performance

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 50-day moving average of $68.90 and a 200-day moving average of $65.42. The company has a market capitalization of $898.11 million, a P/E ratio of 11.14 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last posted 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. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The business had revenue of $68.15 million for the quarter, compared to analysts’ expectations of $69.57 million. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

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

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in First Financial Corporation Indiana by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after purchasing an additional 30,481 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Financial Corporation Indiana by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock valued at $45,021,000 after buying an additional 3,870 shares during the period. First Financial Corp IN grew its stake in shares of First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after buying an additional 19,784 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of First Financial Corporation Indiana by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock valued at $29,918,000 after buying an additional 11,743 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of First Financial Corporation Indiana by 0.3% in the fourth quarter. State Street Corp now owns 450,342 shares of the bank’s stock worth $27,210,000 after buying an additional 1,332 shares during the period. 72.74% of the stock is owned by hedge funds and other institutional investors.

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.