First Financial Corporation Indiana (NASDAQ:THFF) Stock Crosses Above 200-Day Moving Average – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.82 and traded as high as $61.25. First Financial Corporation Indiana shares last traded at $60.42, with a volume of 50,999 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research raised First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of 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, Wall Street Zen cut shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

First Financial Corporation Indiana Trading Down 0.7%

The company has a market capitalization of $715.98 million, a P/E ratio of 9.68 and a beta of 0.42. The firm has a fifty day moving average price of $59.08 and a 200-day moving average price of $56.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, October 28th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%.The firm had revenue of $65.75 million for the quarter, compared to analyst estimates of $65.53 million. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.56 dividend. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 2nd. First Financial Corporation Indiana’s payout ratio is 32.69%.

Insider Transactions at First Financial Corporation Indiana

In other news, Director James O. Mcdonald bought 2,295 shares of the business’s stock in a transaction on Monday, October 13th. The stock was acquired at an average price of $52.25 per share, with a total value of $119,913.75. Following the completion of the purchase, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.69% of the stock is currently owned by company insiders.

Institutional Trading of First Financial Corporation Indiana

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC boosted its holdings in First Financial Corporation Indiana by 82.7% in the first quarter. Ieq Capital LLC now owns 8,107 shares of the bank’s stock valued at $397,000 after acquiring an additional 3,669 shares in the last quarter. Trexquant Investment LP bought a new position in First Financial Corporation Indiana during the 1st quarter valued at approximately $455,000. EP Wealth Advisors LLC raised its position in shares of First Financial Corporation Indiana by 14.5% in the 1st quarter. EP Wealth Advisors LLC now owns 6,551 shares of the bank’s stock worth $321,000 after purchasing an additional 830 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in First Financial Corporation Indiana by 45.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 61,402 shares of the bank’s stock worth $3,007,000 after buying an additional 19,322 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Financial Corporation Indiana by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock valued at $334,000 after acquiring an additional 312 shares in the last quarter. 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.