Zacks: Brokerages Anticipate First Financial Corporation Indiana (THFF) Will Post Quarterly Sales of $36.37 Million

Wall Street brokerages expect First Financial Corporation Indiana (NASDAQ:THFF) to post $36.37 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for First Financial Corporation Indiana’s earnings, with the lowest sales estimate coming in at $35.60 million and the highest estimate coming in at $37.14 million. First Financial Corporation Indiana reported sales of $34.83 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is scheduled to issue its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that First Financial Corporation Indiana will report full year sales of $36.37 million for the current year, with estimates ranging from $140.40 million to $146.57 million. For the next year, analysts forecast that the company will report sales of $147.52 million per share, with estimates ranging from $146.10 million to $148.94 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for First Financial Corporation Indiana.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $35.65 million for the quarter, compared to the consensus estimate of $35.71 million. First Financial Corporation Indiana had a return on equity of 8.11% and a net margin of 23.48%.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded First Financial Corporation Indiana from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, July 28th. BidaskClub downgraded First Financial Corporation Indiana from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine downgraded First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 price objective on shares of First Financial Corporation Indiana in a report on Tuesday, October 24th.

Shares of First Financial Corporation Indiana (THFF) traded up $0.25 during trading hours on Thursday, hitting $47.55. The company had a trading volume of 36,400 shares, compared to its average volume of 24,354. The stock has a market cap of $578.18, a P/E ratio of 16.60 and a beta of 0.85. First Financial Corporation Indiana has a 1-year low of $39.55 and a 1-year high of $53.49.

The company also recently declared a special dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $1.50 dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.06%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 35.09%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of First Financial Corporation Indiana by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,453 shares of the bank’s stock valued at $353,000 after acquiring an additional 105 shares during the last quarter. Bank of America Corp DE boosted its position in First Financial Corporation Indiana by 7.3% during the 1st quarter. Bank of America Corp DE now owns 3,194 shares of the bank’s stock worth $152,000 after acquiring an additional 216 shares during the period. Rhumbline Advisers boosted its position in First Financial Corporation Indiana by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 16,071 shares of the bank’s stock worth $760,000 after acquiring an additional 235 shares during the period. Strs Ohio boosted its position in First Financial Corporation Indiana by 2.0% during the 2nd quarter. Strs Ohio now owns 15,100 shares of the bank’s stock worth $714,000 after acquiring an additional 300 shares during the period. Finally, American International Group Inc. boosted its position in First Financial Corporation Indiana by 6.8% during the 1st quarter. American International Group Inc. now owns 6,145 shares of the bank’s stock worth $292,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

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About First Financial Corporation Indiana

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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Earnings History and Estimates for First Financial Corporation Indiana (NASDAQ:THFF)

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