First Financial Corporation Indiana (NASDAQ:THFF) Shares Break Above 200 Day Moving Average – Should You Sell?

First Financial Corporation Indiana (NASDAQ:THFF) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $72.90 and traded as high as $75.06. First Financial Corporation Indiana shares last traded at $74.71, with a volume of 89,419 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on THFF. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Friday, August 7th. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a report on Friday, August 7th. Finally, Raymond James Financial assumed coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a “market perform” rating for the company. One equities research 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 has an average rating of “Hold” and a consensus target price of $88.00.

First Financial Corporation Indiana Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day moving average price of $78.50 and a 200 day moving average price of $73.00. The company has a market cap of $873.11 million, a price-to-earnings ratio of 10.28 and a beta of 0.44.

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, topping the consensus estimate of $1.79 by $0.12. The company had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. As a group, analysts anticipate that First Financial Corporation Indiana will post 7.54 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently bought and sold shares of THFF. Integrated Wealth Concepts LLC bought a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $96,000. PNC Financial Services Group Inc. grew its position in First Financial Corporation Indiana by 30.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock valued at $129,000 after purchasing an additional 479 shares in the last quarter. Allianz Asset Management GmbH bought a new position in First Financial Corporation Indiana in the second quarter valued at $259,000. Mosaic Family Wealth Partners LLC acquired a new stake in First Financial Corporation Indiana in the 1st quarter valued at $222,000. Finally, Diversified Trust Co increased its stake in First Financial Corporation Indiana by 11.6% in the 1st quarter. Diversified Trust Co now owns 3,948 shares of the bank’s stock valued at $250,000 after buying an additional 410 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 (NASDAQ: THFF) is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.