First Financial Corporation Indiana (NASDAQ:THFF) Stock Picked Up by Analysts at Hovde Group

Research analysts at Hovde Group assumed coverage on shares of First Financial Corporation Indiana (NASDAQ:THFF) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $85.00 price target on the bank’s stock. Hovde Group’s target price would indicate a potential upside of 15.84% from the stock’s previous close.

THFF has been the topic of several other research reports. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a “market perform” rating on the stock. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.25.

First Financial Corporation Indiana Trading Down 0.3%

NASDAQ THFF opened at $73.38 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $872.49 million, a PE ratio of 10.31 and a beta of 0.44. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17. The firm’s fifty day moving average is $77.72 and its two-hundred day moving average is $73.41.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. Analysts expect that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

Institutional Investors Weigh In On First Financial Corporation Indiana

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after purchasing an additional 3,870 shares during the period. Allspring Global Investments Holdings LLC raised 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 buying an additional 33,821 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of First Financial Corporation Indiana by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after buying an additional 9,500 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $4,936,000 after buying an additional 909 shares during the period. Finally, Empowered Funds LLC lifted 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 valued at $3,626,000 after buying 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 (NASDAQ: THFF) 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 institutions.

First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.

The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.