Y Intercept Hong Kong Ltd purchased a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 10,346 shares of the bank’s stock, valued at approximately $654,000.
Several other institutional investors and hedge funds also recently made changes to their positions in THFF. Ritholtz Wealth Management increased its holdings in First Financial Corporation Indiana by 28.0% in the 1st quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after acquiring an additional 11,988 shares during the last quarter. Diversified Trust Co lifted its holdings in First Financial Corporation Indiana by 11.6% during the first quarter. Diversified Trust Co now owns 3,948 shares of the bank’s stock valued at $250,000 after purchasing an additional 410 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in First Financial Corporation Indiana by 8.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,738 shares of the bank’s stock worth $286,000 after purchasing an additional 371 shares during the period. State of Tennessee Department of Treasury boosted its position in First Financial Corporation Indiana by 2.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock worth $597,000 after purchasing an additional 200 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in First Financial Corporation Indiana during the fourth quarter worth about $400,000. Institutional investors own 72.74% of the company’s stock.
First Financial Corporation Indiana Stock Performance
Shares of THFF opened at $75.54 on Tuesday. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $78.74. The stock’s 50-day simple moving average is $71.72 and its 200 day simple moving average is $66.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $898.17 million, a price-to-earnings ratio of 11.11 and a beta of 0.42.
First Financial Corporation Indiana Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.94%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Finally, Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.
Read Our Latest Stock Report on First Financial Corporation Indiana
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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