GSA Capital Partners LLP Takes Position in First Financial Corporation Indiana $THFF

GSA Capital Partners LLP acquired a new position in shares of First Financial Corporation Indiana (NASDAQ:THFFFree Report) during the second quarter, Holdings Channel reports. The fund acquired 19,275 shares of the bank’s stock, valued at approximately $843,000.

Several other large investors also recently made changes to their positions in THFF. Empowered Funds LLC raised its stake in First Financial Corporation Indiana by 8.0% during the 1st quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock worth $3,626,000 after buying an additional 4,282 shares during the period. Quantinno Capital Management LP grew its stake in First Financial Corporation Indiana by 62.0% in the first quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock valued at $1,474,000 after acquiring an additional 8,921 shares during the period. Renaissance Technologies LLC grew its stake in First Financial Corporation Indiana by 8.9% in the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after acquiring an additional 9,500 shares during the period. First Trust Advisors LP increased its holdings in shares of First Financial Corporation Indiana by 1.7% during the first quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after acquiring an additional 823 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of First Financial Corporation Indiana by 30.6% during the first quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after purchasing an additional 479 shares during the period. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on THFF. Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, August 7th. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, First Financial Corporation Indiana has an average rating of “Hold” and a consensus target price of $86.00.

Get Our Latest Research Report on First Financial Corporation Indiana

First Financial Corporation Indiana Stock Up 0.1%

First Financial Corporation Indiana stock opened at $81.72 on Wednesday. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $84.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day simple moving average is $77.57 and its 200 day simple moving average is $69.93. The stock has a market cap of $971.81 million, a PE ratio of 11.45 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFFGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. Research analysts predict that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.7%. First Financial Corporation Indiana’s dividend payout ratio is currently 31.37%.

About First Financial Corporation Indiana

(Free Report)

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.

See Also

Want to see what other hedge funds are holding THFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Financial Corporation Indiana (NASDAQ:THFFFree Report).

Institutional Ownership by Quarter for First Financial Corporation Indiana (NASDAQ:THFF)

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