First Financial Corp IN lowered its stake in shares of First Financial Corporation Indiana (NASDAQ:THFF – Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,112 shares of the bank’s stock after selling 9,161 shares during the quarter. First Financial Corporation Indiana makes up about 16.9% of First Financial Corp IN’s investment portfolio, making the stock its largest holding. First Financial Corp IN owned approximately 5.31% of First Financial Corporation Indiana worth $48,873,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in THFF. EverSource Wealth Advisors LLC raised its holdings in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after acquiring an additional 468 shares in the last quarter. Quantbot Technologies LP acquired a new position in First Financial Corporation Indiana during the 2nd quarter worth $47,000. Smartleaf Asset Management LLC grew its holdings in First Financial Corporation Indiana by 135.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock worth $85,000 after acquiring an additional 804 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of First Financial Corporation Indiana in the 3rd quarter worth about $89,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock valued at $95,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 72.74% of the company’s stock.
First Financial Corporation Indiana Stock Performance
THFF opened at $82.79 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $83.45. The firm has a market cap of $984.37 million, a PE ratio of 11.60 and a beta of 0.42. The business has a fifty day simple moving average of $75.20 and a 200-day simple moving average of $68.63.
First Financial Corporation Indiana Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 31.37%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.
View Our Latest Analysis on THFF
First Financial Corporation Indiana Company Profile
First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.
The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.
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