First Financial Corp IN reduced its stake in First Financial Corporation Indiana (NASDAQ:THFF – Free Report) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,633 shares of the bank’s stock after selling 8,479 shares during the period. First Financial Corporation Indiana accounts for 16.3% of First Financial Corp IN’s portfolio, making the stock its largest position. First Financial Corp IN owned approximately 5.24% of First Financial Corporation Indiana worth $46,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Burney Co. boosted its position in First Financial Corporation Indiana by 3.2% during the 1st quarter. Burney Co. now owns 6,945 shares of the bank’s stock valued at $439,000 after acquiring an additional 215 shares in the last quarter. Diversified Trust Co raised its position in shares of First Financial Corporation Indiana by 11.6% in the 1st quarter. Diversified Trust Co now owns 3,948 shares of the bank’s stock worth $250,000 after acquiring an additional 410 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after acquiring an additional 479 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of First Financial Corporation Indiana by 13.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,351 shares of the bank’s stock worth $338,000 after acquiring an additional 630 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of First Financial Corporation Indiana by 1.7% in the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after purchasing an additional 823 shares during the period. 72.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on THFF shares. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Friday, August 7th. Hovde Group assumed coverage on First Financial Corporation Indiana in a research note on Monday. They issued an “outperform” rating and a $85.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, August 28th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Raymond James Financial started coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.25.
First Financial Corporation Indiana Stock Down 0.3%
NASDAQ:THFF traded down $0.25 during mid-day trading on Tuesday, hitting $73.38. 169,826 shares of the company’s stock were exchanged, compared to its average volume of 94,789. The company has a market cap of $872.63 million, a PE ratio of 10.28 and a beta of 0.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17. The business has a fifty day moving average price of $77.90 and a 200 day moving average price of $73.34.
First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. Equities analysts predict that First Financial Corporation Indiana will post 7.54 EPS for the current year.
First Financial Corporation Indiana Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.56 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.1%. First Financial Corporation Indiana’s dividend payout ratio is presently 31.37%.
First Financial Corporation Indiana Profile
First Financial Corporation (NASDAQ: THFF) is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses, and institutions.
First Financial Bank offers deposit accounts, consumer and commercial lending, residential mortgage services, cash-management and treasury services, online and mobile banking, and investment and trust services. Through its wealth-management operations, the company also provides financial planning, investment management, and fiduciary services.
The bank traces its history to 1834 and serves customers through a network of banking offices and digital channels in western and central Indiana and eastern Illinois.
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