EMC Capital Management Acquires Shares of 2,528 First Financial Corporation Indiana $THFF

EMC Capital Management bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,528 shares of the bank’s stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THFF. FineMark National Bank & Trust acquired a new position in First Financial Corporation Indiana during the 2nd quarter worth about $217,000. LSV Asset Management increased its position in First Financial Corporation Indiana by 2.7% in the 2nd quarter. LSV Asset Management now owns 394,733 shares of the bank’s stock valued at $21,391,000 after acquiring an additional 10,421 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of First Financial Corporation Indiana by 3.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,959 shares of the bank’s stock worth $919,000 after acquiring an additional 529 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Financial Corporation Indiana by 3.4% during the second quarter. Geode Capital Management LLC now owns 300,464 shares of the bank’s stock worth $16,284,000 after purchasing an additional 9,829 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of First Financial Corporation Indiana by 2.3% during the second quarter. Acadian Asset Management LLC now owns 201,495 shares of the bank’s stock valued at $10,918,000 after purchasing an additional 4,613 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Performance

THFF stock opened at $55.85 on Thursday. First Financial Corporation Indiana has a twelve month low of $42.05 and a twelve month high of $63.04. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $661.88 million, a P/E ratio of 8.95 and a beta of 0.46. The business’s fifty day moving average is $55.56 and its 200-day moving average is $54.77.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.14. First Financial Corporation Indiana had a return on equity of 12.99% and a net margin of 21.70%.The business had revenue of $65.75 million during the quarter, compared to the consensus estimate of $65.53 million. Equities research analysts forecast that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, October 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is currently 32.69%.

Analyst Ratings Changes

Several research firms have issued reports on THFF. Zacks Research raised First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Keefe, Bruyette & Woods boosted their target price on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Wall Street Zen cut First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of First Financial Corporation Indiana in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insiders Place Their Bets

In other news, Director James O. Mcdonald acquired 2,295 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was purchased at an average price of $52.25 per share, for a total transaction of $119,913.75. Following the completion of the acquisition, the director owned 11,757 shares in the company, valued at $614,303.25. This trade represents a 24.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.69% of the stock is owned by insiders.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.