First Financial Corporation Indiana (NASDAQ:THFF) Sees Large Volume Increase – What’s Next?

First Financial Corporation Indiana (NASDAQ:THFF) shares saw unusually-high trading volume on Tuesday. 74,058 shares changed hands during trading, a decline of 21% from the previous session’s volume of 94,187 shares. The stock last traded at $73.1960 and had previously closed at $73.63.

Analyst Ratings Changes

THFF has been the subject of several research analyst reports. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. 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. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Friday, August 7th. Finally, Hovde Group began coverage on shares of First Financial Corporation Indiana in a research note on Monday. They set an “outperform” rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.25.

First Financial Corporation Indiana Price Performance

The stock has a 50 day simple moving average of $77.90 and a two-hundred day simple moving average of $73.34. The firm has a market cap of $868.00 million, a PE ratio of 10.20 and a beta of 0.44. 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 issued its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. Sell-side analysts expect that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, October 1st. First Financial Corporation Indiana’s payout ratio is presently 31.37%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in THFF. Allspring Global Investments Holdings LLC boosted its position in First Financial Corporation Indiana by 33.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock worth $8,492,000 after acquiring an additional 33,821 shares during the last quarter. Hsbc Holdings PLC raised its holdings in First Financial Corporation Indiana by 79.2% in the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank’s stock valued at $1,968,000 after acquiring an additional 13,619 shares during the last quarter. Ritholtz Wealth Management raised its holdings in First Financial Corporation Indiana by 28.0% in the 1st quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock valued at $3,466,000 after acquiring an additional 11,988 shares during the last quarter. Cvfg LLC acquired a new stake in First Financial Corporation Indiana in the 1st quarter valued at about $714,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in First Financial Corporation Indiana in the 1st quarter worth approximately $654,000. 72.74% of the stock is owned by institutional investors and hedge funds.

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.