First Financial Indiana Announces Merger with CedarStone

First Financial Indiana ( (THFF) ) has issued an update.

On November 6, 2025, First Financial Corporation and CedarStone Financial, Inc. announced a merger agreement where CedarStone will merge into First Financial for $19.12 per share, valuing the transaction at approximately $25 million. The merger aims to expand First Financial’s presence in the Nashville market and is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals.

The most recent analyst rating on (THFF) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.

Spark’s Take on THFF Stock

According to Spark, TipRanks’ AI Analyst, THFF is a Outperform.

First Financial Indiana’s strong financial performance, characterized by robust profitability and efficient operations, is a significant strength. The valuation is attractive with a low P/E ratio and a solid dividend yield. Technical analysis shows a neutral trend, which slightly tempers the overall score.

To see Spark’s full report on THFF stock, click here.

More about First Financial Indiana

First Financial Corporation is a financial services company headquartered in Terre Haute, Indiana, operating 79 banking centers across Georgia, Illinois, Indiana, Kentucky, and Tennessee with assets of approximately $5.7 billion. CedarStone Financial, Inc., headquartered in Lebanon, Tennessee, operates three bank branches in Tennessee, serving the communities of Lebanon, Mount Juliet, and Nashville, with assets of approximately $358 million.

Average Trading Volume: 58,613

Technical Sentiment Signal: Buy

Current Market Cap: $636.5M

For a thorough assessment of THFF stock, go to TipRanks’ Stock Analysis page.