First Financial Corporation Indiana (NASDAQ:THFF) Rating Lowered to Hold at Wall Street Zen

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, October 8th. Raymond James Financial restated a “market perform” rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.67.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ THFF opened at $55.29 on Friday. The firm has a market cap of $655.19 million, a P/E ratio of 10.57 and a beta of 0.43. 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 has a 1-year low of $41.91 and a 1-year high of $63.04. The business’s 50 day moving average is $56.55 and its 200-day moving average is $53.62.

Insider Buying and Selling at First Financial Corporation Indiana

In other First Financial Corporation Indiana news, Director James O. Mcdonald acquired 2,295 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was acquired at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the transaction, the director directly owned 11,757 shares in the company, valued at $614,303.25. This represents a 24.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently modified their holdings of the business. Country Trust Bank lifted its position in shares of First Financial Corporation Indiana by 6.7% during the 2nd quarter. Country Trust Bank now owns 3,200 shares of the bank’s stock worth $173,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP lifted its position in shares of First Financial Corporation Indiana by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock worth $612,000 after buying an additional 213 shares during the last quarter. CWM LLC lifted its position in shares of First Financial Corporation Indiana by 2.4% during the 2nd quarter. CWM LLC now owns 9,725 shares of the bank’s stock worth $527,000 after buying an additional 230 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of First Financial Corporation Indiana by 2.0% during the 2nd quarter. Captrust Financial Advisors now owns 15,094 shares of the bank’s stock worth $818,000 after buying an additional 300 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Financial Corporation Indiana by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock worth $334,000 after buying an additional 312 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Company Profile

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.