First Financial Corporation Indiana (NASDAQ:THFF) Downgraded to Neutral Rating by Brean Capital

Brean Capital lowered shares of First Financial Corporation Indiana (NASDAQ:THFF) from a buy rating to a neutral rating in a report published on Friday, MarketBeat Ratings reports. Brean Capital currently has $90.00 target price on the bank’s stock.

Several other research firms have also weighed in on THFF. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of “Hold” and an average target price of $86.00.

First Financial Corporation Indiana Trading Down 1.2%

Shares of NASDAQ THFF opened at $81.49 on Friday. The business’s 50 day moving average is $75.98 and its two-hundred day moving average is $68.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $83.83. The stock has a market capitalization of $968.92 million, a P/E ratio of 11.41 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $71.83 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.19% and a net margin of 23.32%. As a group, research analysts expect that First Financial Corporation Indiana will post 7.46 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is currently 31.37%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC bought a new stake in First Financial Corporation Indiana during the 2nd quarter valued at about $36,515,000. UNIVEST FINANCIAL Corp bought a new position in First Financial Corporation Indiana in the 2nd quarter worth about $22,025,000. BlackRock Inc. bought a new position in First Financial Corporation Indiana in the 2nd quarter worth about $149,505,000. Deutsche Bank AG purchased a new position in shares of First Financial Corporation Indiana during the second quarter worth approximately $1,263,000. Finally, Global Retirement Partners LLC purchased a new position in shares of First Financial Corporation Indiana during the second quarter worth approximately $933,000. Hedge funds and other institutional investors 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.