First Financial Corporation Indiana (NASDAQ:THFF) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of First Financial Corporation Indiana (NASDAQ:THFF – Free Report) from a hold rating to a buy rating in a report issued on Sunday.

Several other research analysts also recently commented on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and an average price target of $58.00.

Read Our Latest Report on First Financial Corporation Indiana

First Financial Corporation Indiana Trading Up 0.2%

NASDAQ THFF opened at $53.71 on Friday. First Financial Corporation Indiana has a 12 month low of $42.05 and a 12 month high of $63.04. The stock has a market cap of $636.52 million, a P/E ratio of 8.61 and a beta of 0.43. The stock’s fifty day moving average price is $56.20 and its 200-day moving average price is $54.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) last released its earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.14. First Financial Corporation Indiana had a return on equity of 12.99% and a net margin of 21.70%.The firm had revenue of $55.75 million for the quarter, compared to analysts’ expectations of $65.53 million. As a group, equities analysts forecast that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, October 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.69%.

Insider Transactions at First Financial Corporation Indiana

In other First Financial Corporation Indiana news, Director James O. Mcdonald bought 2,295 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were bought at an average price of $52.25 per share, with a total value of $119,913.75. Following the purchase, the director owned 11,757 shares of the company’s stock, valued at $614,303.25. This trade represents a 24.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.69% of the company’s stock.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Financial Corp IN raised its stake in First Financial Corporation Indiana by 5.5% during the 3rd quarter. First Financial Corp IN now owns 619,115 shares of the bank’s stock valued at $34,943,000 after purchasing an additional 32,553 shares during the period. LSV Asset Management raised its stake in First Financial Corporation Indiana by 2.7% during the 2nd quarter. LSV Asset Management now owns 394,733 shares of the bank’s stock valued at $21,391,000 after purchasing an additional 10,421 shares during the period. Charles Schwab Investment Management Inc. raised its stake in First Financial Corporation Indiana by 304.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank’s stock valued at $18,636,000 after purchasing an additional 286,409 shares during the period. Geode Capital Management LLC raised its stake in First Financial Corporation Indiana by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 300,464 shares of the bank’s stock valued at $16,284,000 after purchasing an additional 9,829 shares during the period. Finally, American Century Companies Inc. raised its stake in First Financial Corporation Indiana by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 284,734 shares of the bank’s stock valued at $15,430,000 after purchasing an additional 27,040 shares during the period. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Company Profile

(Get Free Report)

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.

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