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

First Financial Corporation Indiana (NASDAQ:THFF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $63.12 and last traded at $63.31, with a volume of 14194 shares changing hands. The stock had previously closed at $61.83.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday. Zacks Research upgraded First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen cut First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

First Financial Corporation Indiana Stock Up 2.9%

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $55.92 and a 200-day simple moving average of $55.52. The firm has a market cap of $753.72 million, a P/E ratio of 10.20 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.14. The firm had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $65.53 million. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%. On average, equities analysts anticipate that First Financial Corporation Indiana will post 5.41 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, October 15th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.04 annualized dividend and a yield of 3.2%. First Financial Corporation Indiana’s payout ratio is currently 32.69%.

Insider Buying and Selling at First Financial Corporation Indiana

In other First Financial Corporation Indiana news, Director James O. Mcdonald acquired 2,295 shares of the stock in a transaction dated Monday, October 13th. The shares were acquired at an average cost of $52.25 per share, for a total transaction of $119,913.75. Following the completion of the transaction, the director directly owned 11,757 shares of the company’s stock, valued at approximately $614,303.25. The trade was a 24.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.01% of the stock is currently owned by insiders.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors and hedge funds have recently added to or reduced their stakes in THFF. Private Advisor Group LLC raised its position in shares of First Financial Corporation Indiana by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock valued at $303,000 after buying an additional 194 shares in the last quarter. Country Trust Bank increased its stake in First Financial Corporation Indiana by 6.7% during the second quarter. Country Trust Bank now owns 3,200 shares of the bank’s stock worth $173,000 after acquiring an additional 200 shares during the last quarter. First Trust Advisors LP raised its position in First Financial Corporation Indiana by 1.9% during the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after purchasing an additional 213 shares during the period. CWM LLC lifted its stake in shares of First Financial Corporation Indiana by 2.4% in the 2nd quarter. CWM LLC now owns 9,725 shares of the bank’s stock valued at $527,000 after purchasing an additional 230 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of First Financial Corporation Indiana by 6.7% in the 3rd quarter. Comerica Bank now owns 4,184 shares of the bank’s stock worth $236,000 after purchasing an additional 263 shares during the period. Institutional investors own 72.74% of the company’s stock.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.