First Financial Co. Indiana (THFF) Receives Average Recommendation of “Hold” from Brokerages

First Financial Co. Indiana (NASDAQ:THFF) has been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Brokerages have set a twelve-month consensus price objective of $48.00 for the company and are anticipating that the company will post $0.83 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Co. Indiana an industry rank of 60 out of 255 based on the ratings given to related companies.

A number of brokerages have recently commented on THFF. BidaskClub cut First Financial Co. Indiana from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 27th. Zacks Investment Research raised First Financial Co. Indiana from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Finally, ValuEngine cut First Financial Co. Indiana from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in First Financial Co. Indiana by 1.2% in the 4th quarter. BlackRock Inc. now owns 790,331 shares of the bank’s stock worth $35,843,000 after acquiring an additional 9,524 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in First Financial Co. Indiana by 47.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 41,369 shares of the bank’s stock worth $1,876,000 after acquiring an additional 13,398 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in First Financial Co. Indiana by 1,670.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,917 shares of the bank’s stock worth $631,000 after acquiring an additional 13,131 shares during the last quarter. Jefferies Group LLC purchased a new position in First Financial Co. Indiana in the 4th quarter worth approximately $218,000. Finally, Deutsche Bank AG raised its holdings in First Financial Co. Indiana by 13.0% in the 4th quarter. Deutsche Bank AG now owns 64,253 shares of the bank’s stock worth $2,911,000 after acquiring an additional 7,391 shares during the last quarter. Institutional investors own 53.24% of the company’s stock.

Shares of THFF traded up $0.30 during mid-day trading on Friday, reaching $43.95. The company had a trading volume of 1,728 shares, compared to its average volume of 17,844. First Financial Co. Indiana has a 52 week low of $39.55 and a 52 week high of $50.20. The stock has a market cap of $537.38 million, a P/E ratio of 14.97 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 EPS 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 company had revenue of $35.58 million during the quarter, compared to the consensus estimate of $35.65 million. sell-side analysts forecast that First Financial Co. Indiana will post 3.32 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a yield of 2.33%. First Financial Co. Indiana’s payout ratio is currently 35.17%.

First Financial Co. Indiana Company Profile

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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