Woodmont Investment Counsel LLC acquired a new stake in First Financial Corporation Indiana (NASDAQ:THFF – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,167 shares of the bank’s stock, valued at approximately $1,934,000.
Several other large investors have also made changes to their positions in THFF. Allspring Global Investments Holdings LLC lifted its position in shares of First Financial Corporation Indiana by 33.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock valued at $8,492,000 after buying an additional 33,821 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in First Financial Corporation Indiana in the 3rd quarter valued at $1,041,000. Hsbc Holdings PLC increased its holdings in First Financial Corporation Indiana by 79.2% in the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank’s stock worth $1,968,000 after acquiring an additional 13,619 shares in the last quarter. Cvfg LLC purchased a new stake in First Financial Corporation Indiana in the 1st quarter worth $714,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in First Financial Corporation Indiana in the 1st quarter worth $654,000. 72.74% of the stock is owned by institutional investors and hedge funds.
First Financial Corporation Indiana Stock Performance
Shares of THFF stock opened at $76.55 on Monday. First Financial Corporation Indiana has a fifty-two week low of $52.45 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 stock’s fifty day moving average is $76.27 and its two-hundred day moving average is $71.23. The firm has a market capitalization of $910.18 million, a P/E ratio of 9.94 and a beta of 0.45.
First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) last released its earnings results on Tuesday, October 27th. The bank reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.28. The business had revenue of $74.96 million during the quarter, compared to analyst estimates of $75.31 million. First Financial Corporation Indiana had a net margin of 24.45% and a return on equity of 13.84%. Research analysts expect that First Financial Corporation Indiana will post 7.54 earnings per share for the current fiscal year.
First Financial Corporation Indiana Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 29.09%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Hovde Group began coverage on shares of First Financial Corporation Indiana in a report on Monday, October 12th. They set an “outperform” rating and a $85.00 price objective on the stock. Brean Capital cut shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. Finally, Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, First Financial Corporation Indiana presently has an average rating of “Moderate Buy” and an average target price of $87.25.
Get Our Latest Research Report on First Financial Corporation Indiana
About First Financial Corporation Indiana
First Financial Corporation 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 organizations.
First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.
First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.
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