First Financial Corporation Indiana (NASDAQ:THFF) Announces Earnings Results

First Financial Corporation Indiana (NASDAQ:THFF) announced its quarterly earnings data on Tuesday. The bank reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28, FiscalAI reports. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $74.96 million for the quarter, compared to analyst estimates of $75.31 million.

First Financial Corporation Indiana Price Performance

NASDAQ:THFF traded up $1.03 during trading hours on Thursday, reaching $77.86. 41,761 shares of the company were exchanged, compared to its average volume of 97,451. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The firm has a market cap of $925.86 million, a PE ratio of 10.91 and a beta of 0.44. First Financial Corporation Indiana has a twelve month low of $52.45 and a twelve month high of $84.17. The stock’s 50-day moving average is $76.35 and its 200-day moving average is $71.07.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, October 1st. First Financial Corporation Indiana’s payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research report on Friday, August 7th. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Thursday, October 22nd. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, August 7th. Hovde Group started coverage on shares of First Financial Corporation Indiana in a research note on Monday, October 12th. They set an “outperform” rating and a $85.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.25.

About First Financial Corporation Indiana

First Financial Corporation 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 organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.