First Financial Corporation Indiana (NASDAQ:THFF) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

First Financial Corporation Indiana (NASDAQ:THFF) announced its quarterly earnings results on Tuesday. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12, FiscalAI reports. The firm had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.

First Financial Corporation Indiana Price Performance

NASDAQ THFF opened at $77.67 on Tuesday. The firm’s fifty day simple moving average is $73.69 and its two-hundred day simple moving average is $67.80. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $78.74. The firm has a market capitalization of $923.50 million, a P/E ratio of 11.42 and a beta of 0.42.

First Financial Corporation Indiana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.94%.

Wall Street Analysts Forecast Growth

THFF has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday. Raymond James Financial began coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and an average target price of $70.00.

Institutional Trading of First Financial Corporation Indiana

Institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV increased its position in First Financial Corporation Indiana by 8.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank’s stock valued at $286,000 after buying an additional 371 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in First Financial Corporation Indiana by 2.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after acquiring an additional 200 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of First Financial Corporation Indiana during the fourth quarter worth about $400,000. Empowered Funds LLC increased its holdings in shares of First Financial Corporation Indiana by 10.7% during the fourth quarter. Empowered Funds LLC now owns 53,612 shares of the bank’s stock valued at $3,209,000 after acquiring an additional 5,202 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in First Financial Corporation Indiana by 5.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 92,858 shares of the bank’s stock worth $5,610,000 after purchasing an additional 5,086 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

About First Financial Corporation Indiana

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.