First Financial Corporation Indiana (NASDAQ:THFF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $70.48 and traded as high as $79.91. First Financial Corporation Indiana shares last traded at $79.07, with a volume of 78,886 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on THFF. Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, August 7th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday. Raymond James Financial initiated coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research note on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.00.

First Financial Corporation Indiana Stock Performance

The firm has a market capitalization of $943.51 million, a price-to-earnings ratio of 11.11 and a beta of 0.42. The firm’s 50-day moving average price is $78.33 and its two-hundred day moving average price is $70.56. 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 (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.12. The firm had revenue of $71.87 million during the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. Sell-side analysts predict that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.8%. First Financial Corporation Indiana’s dividend payout ratio is presently 31.37%.

Institutional Trading of First Financial Corporation Indiana

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in First Financial Corporation Indiana by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after acquiring an additional 468 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at $34,000. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at $47,000. Smartleaf Asset Management LLC boosted its stake in shares of First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after purchasing an additional 804 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of First Financial Corporation Indiana in the 3rd quarter worth about $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.