First Financial Corporation Indiana (NASDAQ:THFF) Price Target Raised to $84.00 at Keefe, Bruyette & Woods

First Financial Corporation Indiana (NASDAQ:THFF) had its target price lifted by investment analysts at Keefe, Bruyette & Woods from $78.00 to $84.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 6.09% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Brean Capital lowered shares of 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. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.00.

First Financial Corporation Indiana Stock Down 0.4%

Shares of THFF stock traded down $0.32 during mid-day trading on Friday, hitting $79.18. The company’s stock had a trading volume of 30,513 shares, compared to its average volume of 89,530. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $84.17. The business has a 50-day moving average price of $78.33 and a 200 day moving average price of $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. The stock has a market cap of $941.61 million, a price-to-earnings ratio of 11.09 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The company had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. Research analysts predict that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

Institutional Trading of First Financial Corporation Indiana

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after purchasing an additional 468 shares during the period. Allworth Financial LP bought a new stake in First Financial Corporation Indiana during the second quarter valued at about $34,000. Quantbot Technologies LP purchased a new position in shares of First Financial Corporation Indiana in the second quarter valued at about $47,000. Smartleaf Asset Management LLC boosted its stake in shares of First Financial Corporation Indiana by 135.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock worth $85,000 after acquiring an additional 804 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of First Financial Corporation Indiana in the third quarter worth about $89,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

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.