Zacks Investment Research upgraded shares of First Financial Co. Indiana (NASDAQ:THFF) from a sell rating to a buy rating in a report published on Thursday morning. The brokerage currently has $51.00 price target on the bank’s stock.
According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “
A number of other research analysts have also weighed in on the company. ValuEngine raised First Financial Co. Indiana from a sell rating to a hold rating in a research note on Tuesday, June 26th. BidaskClub raised First Financial Co. Indiana from a sell rating to a hold rating in a research note on Friday, June 22nd.
Shares of First Financial Co. Indiana stock opened at $45.35 on Thursday. First Financial Co. Indiana has a fifty-two week low of $39.55 and a fifty-two week high of $50.20. The firm has a market cap of $554.54 million, a price-to-earnings ratio of 15.64 and a beta of 0.94.
First Financial Co. Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, April 24th. The bank reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). First Financial Co. Indiana had a return on equity of 8.20% and a net margin of 19.31%. The business had revenue of $35.58 million for the quarter, compared to analysts’ expectations of $35.65 million. sell-side analysts expect that First Financial Co. Indiana will post 3.32 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be paid a dividend of $0.51 per share. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, June 14th. First Financial Co. Indiana’s dividend payout ratio is presently 35.17%.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of First Financial Co. Indiana during the 1st quarter worth $172,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of First Financial Co. Indiana during the 4th quarter worth $204,000. Jefferies Group LLC acquired a new stake in shares of First Financial Co. Indiana during the 4th quarter worth $218,000. MetLife Investment Advisors LLC acquired a new stake in shares of First Financial Co. Indiana during the 4th quarter worth $236,000. Finally, Legal & General Group Plc increased its holdings in shares of First Financial Co. Indiana by 149.8% during the 1st quarter. Legal & General Group Plc now owns 6,804 shares of the bank’s stock worth $283,000 after buying an additional 4,080 shares during the last quarter. 53.24% of the stock is currently owned by institutional investors.
About First Financial Co. Indiana
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.
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