First Financial Corporation Indiana (NASDAQ:THFF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened
by Michael Walen · The Markets DailyFirst Financial Corporation Indiana (NASDAQ:THFF – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.82 and traded as high as $61.25. First Financial Corporation Indiana shares last traded at $60.42, with a volume of 50,999 shares traded.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised 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. Zacks Research raised First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday. 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.00.
Get Our Latest Analysis on THFF
First Financial Corporation Indiana Stock Performance
The company has a market capitalization of $715.98 million, a P/E ratio of 9.68 and a beta of 0.42. The stock’s 50-day moving average price is $59.08 and its 200-day moving average price is $56.82. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.70%. The business had revenue of $65.75 million during the quarter, compared to analysts’ expectations of $65.53 million. As a group, equities analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.
First Financial Corporation Indiana Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.7%. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio is presently 32.69%.
Insider Activity at First Financial Corporation Indiana
In other First Financial Corporation Indiana news, Director James O. Mcdonald bought 2,295 shares of the stock in a transaction on Monday, October 13th. The shares were purchased at an average cost of $52.25 per share, with a total value of $119,913.75. Following the completion of the transaction, the director directly owned 11,757 shares of the company’s stock, valued at $614,303.25. This represents a 24.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.69% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in THFF. Vanguard Group Inc. lifted its holdings in First Financial Corporation Indiana by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock valued at $44,869,000 after purchasing an additional 39,046 shares during the last quarter. First Financial Corp IN boosted its stake in shares of First Financial Corporation Indiana by 5.5% in the 3rd quarter. First Financial Corp IN now owns 619,115 shares of the bank’s stock valued at $34,943,000 after purchasing an additional 32,553 shares during the last quarter. LSV Asset Management grew its holdings in First Financial Corporation Indiana by 2.7% during the 2nd quarter. LSV Asset Management now owns 394,733 shares of the bank’s stock worth $21,391,000 after acquiring an additional 10,421 shares during the period. American Century Companies Inc. grew its position in shares of First Financial Corporation Indiana by 11.2% during the 3rd quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock worth $17,876,000 after buying an additional 31,992 shares during the period. Finally, Geode Capital Management LLC raised its stake in First Financial Corporation Indiana by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 300,464 shares of the bank’s stock worth $16,284,000 after buying an additional 9,829 shares during the period. Institutional investors own 72.74% of the company’s stock.
First Financial Corporation Indiana Company Profile
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.