First Financial Corporation Indiana (THFF) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of First Financial Corporation Indiana (NASDAQ:THFF) from a buy rating to a hold rating in a report issued on Thursday morning.

A number of other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $49.00 target price on shares of First Financial Corporation Indiana in a report on Tuesday, October 24th. Zacks Investment Research cut shares of First Financial Corporation Indiana from a hold rating to a sell rating in a report on Friday, October 27th. Finally, BidaskClub cut shares of First Financial Corporation Indiana from a sell rating to a strong sell rating in a report on Friday, July 28th.

Shares of First Financial Corporation Indiana (THFF) traded up $0.20 during trading hours on Thursday, reaching $46.35. 14,700 shares of the company’s stock traded hands, compared to its average volume of 24,301. First Financial Corporation Indiana has a 52-week low of $39.55 and a 52-week high of $53.49. The company has a market cap of $578.18, a PE ratio of 16.60 and a beta of 0.85.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $35.65 million for the quarter, compared to analysts’ expectations of $35.71 million. First Financial Corporation Indiana had a net margin of 23.48% and a return on equity of 8.11%. research analysts expect that First Financial Corporation Indiana will post 2.87 earnings per share for the current fiscal year.

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The company also recently announced 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 payout ratio is 35.09%.

Several hedge funds have recently modified their holdings of THFF. SG Americas Securities LLC bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $102,000. Bank of America Corp DE raised its holdings in shares of First Financial Corporation Indiana by 7.3% in the 1st quarter. Bank of America Corp DE now owns 3,194 shares of the bank’s stock valued at $152,000 after purchasing an additional 216 shares during the period. Carroll Financial Associates Inc. bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $199,000. OxFORD Asset Management LLP bought a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $224,000. Finally, Context BH Capital Management LP raised its holdings in First Financial Corporation Indiana by 15.1% in the 2nd quarter. Context BH Capital Management LP now owns 5,326 shares of the bank’s stock valued at $252,000 after acquiring an additional 700 shares during the period. 53.59% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Company Profile

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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