First Financial Corporation Indiana $THFF Shares Sold by First Financial Corp IN

by · The Markets Daily

First Financial Corp IN lessened its stake in First Financial Corporation Indiana (NASDAQ:THFF – Free Report) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 622,633 shares of the bank’s stock after selling 8,479 shares during the quarter. First Financial Corporation Indiana makes up 16.3% of First Financial Corp IN’s holdings, making the stock its largest holding. First Financial Corp IN owned about 0.05% of First Financial Corporation Indiana worth $46,013,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock valued at $45,021,000 after purchasing an additional 3,870 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in First Financial Corporation Indiana by 33.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock worth $8,492,000 after buying an additional 33,821 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of First Financial Corporation Indiana by 8.9% in the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock worth $7,342,000 after buying an additional 9,500 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of First Financial Corporation Indiana by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank’s stock worth $4,936,000 after buying an additional 909 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of First Financial Corporation Indiana by 8.0% in the first 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 in the last quarter. Institutional investors own 72.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on THFF. Hovde Group assumed coverage on shares of First Financial Corporation Indiana in a research report on Monday. They set an “outperform” rating and a $85.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, August 28th. 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 First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. Finally, Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.25.

Check Out Our Latest Research Report on First Financial Corporation Indiana

First Financial Corporation Indiana Stock Performance

THFF traded down $0.25 during midday trading on Tuesday, hitting $73.38. 169,826 shares of the company traded hands, compared to its average volume of 94,789. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $872.63 million, a PE ratio of 10.28 and a beta of 0.44. The company’s 50-day moving average is $77.90 and its 200 day moving average is $73.34. First Financial Corporation Indiana has a 52 week low of $51.21 and a 52 week high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping 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 firm had revenue of $71.87 million during the quarter, compared to analyst estimates of $72.84 million. On average, research analysts expect that First Financial Corporation Indiana will post 7.54 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.56 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 3.1%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is currently 31.37%.

First Financial Corporation Indiana Profile

(Free Report)

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.

Further Reading

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:THFF – Free Report).