Wall Street Zen Upgrades First Financial Corporation Indiana (NASDAQ:THFF) to Buy

First Financial Corporation Indiana (NASDAQ:THFF) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

THFF has been the subject of several other reports. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Thursday, October 22nd. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Friday, August 7th. Hovde Group began coverage on First Financial Corporation Indiana in a research report on Monday, October 12th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. One research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.25.

First Financial Corporation Indiana Price Performance

THFF opened at $76.55 on Friday. The company has a 50 day moving average of $76.27 and a 200 day moving average of $71.23. The company has a market cap of $910.18 million, a PE ratio of 9.94 and a beta of 0.45. First Financial Corporation Indiana has a 12 month low of $52.45 and a 12 month high of $84.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.28. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. The business had revenue of $74.96 million during the quarter, compared to analysts’ expectations of $75.31 million. On average, sell-side analysts expect that First Financial Corporation Indiana will post 7.54 EPS for the current year.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several hedge funds and other institutional investors have recently made changes to their positions in THFF. Hsbc Holdings PLC boosted its position in First Financial Corporation Indiana by 79.2% in the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank’s stock valued at $1,968,000 after buying an additional 13,619 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in First Financial Corporation Indiana by 33.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock worth $8,492,000 after buying an additional 33,821 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at approximately $523,000. Quantinno Capital Management LP raised its stake in First Financial Corporation Indiana by 62.0% during the 1st quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock valued at $1,474,000 after purchasing an additional 8,921 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in First Financial Corporation Indiana by 8.9% during the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock worth $7,342,000 after acquiring an additional 9,500 shares in 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 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.