First Financial Corporation Indiana (NASDAQ:THFF) Reaches New 12-Month High – Still a Buy?

Shares of First Financial Corporation Indiana (NASDAQ:THFF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.21 and last traded at $69.3130, with a volume of 74925 shares changing hands. The stock had previously closed at $68.19.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day simple moving average of $64.80 and a two-hundred day simple moving average of $62.96. The stock has a market capitalization of $824.33 million, a price-to-earnings ratio of 10.20 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The firm had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. On average, equities research analysts predict that First Financial Corporation Indiana will post 7.32 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a $0.56 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 32.94%.

Institutional Investors Weigh In On First Financial Corporation Indiana

Several large investors have recently made changes to their positions in THFF. State of Alaska Department of Revenue acquired a new position in shares of First Financial Corporation Indiana during the third quarter valued at $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of First Financial Corporation Indiana by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after purchasing an additional 468 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of First Financial Corporation Indiana by 175.3% during the third quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after purchasing an additional 377 shares during the period. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana during the second quarter valued at $47,000. Finally, Advisory Services Network LLC acquired a new position in shares of First Financial Corporation Indiana during the third quarter valued at $89,000. 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.