First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 52-Week High – Should You Buy?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $82.75 and last traded at $81.9840, with a volume of 3458 shares. The stock had previously closed at $80.84.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on THFF. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

First Financial Corporation Indiana Stock Performance

The business’s 50-day simple moving average is $74.66 and its two-hundred day simple moving average is $68.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The firm has a market cap of $967.61 million, a price-to-earnings ratio of 11.44 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%.The firm had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. As a group, sell-side analysts expect that First Financial Corporation Indiana will post 7.24 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 31.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in THFF. Los Angeles Capital Management LLC lifted its position in shares of First Financial Corporation Indiana by 0.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock valued at $1,370,000 after buying an additional 156 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in First Financial Corporation Indiana by 11.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock valued at $99,000 after acquiring an additional 167 shares during the period. Private Advisor Group LLC increased its holdings in First Financial Corporation Indiana by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after acquiring an additional 194 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in First Financial Corporation Indiana by 2.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after acquiring an additional 200 shares in the last quarter. Finally, First Trust Advisors LP raised its position in First Financial Corporation Indiana by 1.9% during the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after acquiring an additional 213 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

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.