First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 1-Year High – Still a Buy?

First Financial Corporation Indiana (NASDAQ:THFF) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.63 and last traded at $77.7960, with a volume of 13688 shares trading hands. The stock had previously closed at $77.44.

Analysts Set New Price Targets

Several research analysts have weighed in on THFF shares. Keefe, Bruyette & Woods raised their price objective on shares of 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 note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Price Performance

The stock has a market capitalization of $915.77 million, a P/E ratio of 11.33 and a beta of 0.42. The company has a 50 day moving average of $70.37 and a 200-day moving average of $66.15. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $68.15 million during the quarter, compared to analyst estimates of $69.57 million. Sell-side analysts predict that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several institutional investors and hedge funds have recently bought and sold shares of THFF. Vanguard Group Inc. boosted 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 valued at $49,875,000 after acquiring an additional 30,481 shares during the period. Dimensional Fund Advisors LP raised its position in shares of First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after purchasing an additional 3,870 shares during the period. First Financial Corp IN lifted its holdings in shares of First Financial Corporation Indiana by 3.2% in the 4th quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after purchasing an additional 19,784 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Financial Corporation Indiana by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock worth $29,918,000 after purchasing an additional 11,743 shares during the last quarter. Finally, State Street Corp grew its stake in First Financial Corporation Indiana by 0.3% during the 4th 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 last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

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.