First Financial Corporation Indiana (NASDAQ:THFF) Stock Has Average Target Price of $88.00

Shares of First Financial Corporation Indiana (NASDAQ:THFF) have earned an average recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $88.00.

A number of brokerages recently commented on THFF. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th.

First Financial Corporation Indiana Stock Up 0.5%

Shares of First Financial Corporation Indiana stock opened at $75.56 on Friday. The company has a market cap of $898.41 million, a P/E ratio of 10.58 and a beta of 0.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17. The firm has a fifty day moving average of $78.88 and a two-hundred day moving average of $72.28.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The company had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. On average, analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. First Financial Corporation Indiana’s dividend payout ratio is 31.37%.

Institutional Trading of First Financial Corporation Indiana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in First Financial Corporation Indiana by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after buying an additional 3,870 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 acquiring an additional 33,821 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of First Financial Corporation Indiana by 8.9% during the 1st 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. Bank of New York Mellon Corp grew its holdings in shares of First Financial Corporation Indiana by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank’s stock worth $4,936,000 after acquiring an additional 909 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of First Financial Corporation Indiana by 8.0% in the 1st quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock worth $3,626,000 after acquiring an additional 4,282 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, families, businesses, agricultural customers and public-sector organizations.

First Financial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial banking and treasury-management services. Its additional offerings include wealth management, trust and investment services, helping customers manage both everyday finances and long-term financial needs.

First Financial traces its history to 1834 and serves communities across western and central Indiana and eastern Illinois through a network of banking offices and digital channels.