Massachusetts Financial Services Co. MA Invests $1.17 Million in First Financial Corporation Indiana (NASDAQ:THFF)

Massachusetts Financial Services Co. MA bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,875 shares of the bank's stock, valued at approximately $1,169,000. Massachusetts Financial Services Co. MA owned about 0.20% of First Financial Corporation Indiana at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in THFF. CWM LLC grew its holdings in First Financial Corporation Indiana by 37.2% during the 1st quarter. CWM LLC now owns 9,495 shares of the bank's stock worth $465,000 after acquiring an additional 2,572 shares during the period. Cerity Partners LLC lifted its position in First Financial Corporation Indiana by 33.5% in the 1st quarter. Cerity Partners LLC now owns 5,930 shares of the bank's stock valued at $290,000 after acquiring an additional 1,487 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in First Financial Corporation Indiana by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank's stock worth $509,000 after buying an additional 3,646 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Financial Corporation Indiana in the 1st quarter valued at about $425,000. Finally, Johnson Investment Counsel Inc. raised its holdings in First Financial Corporation Indiana by 28.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 9,000 shares of the bank's stock valued at $441,000 after acquiring an additional 2,000 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Performance

THFF traded up $0.74 during midday trading on Tuesday, reaching $56.55. The company had a trading volume of 90,340 shares, compared to its average volume of 55,863. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $670.12 million, a PE ratio of 12.24 and a beta of 0.43. First Financial Corporation Indiana has a 12-month low of $38.87 and a 12-month high of $57.91. The business has a 50-day moving average price of $53.22 and a two-hundred day moving average price of $50.05.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. On average, sell-side analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.61%. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 44.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday. Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th.

First Financial Corporation Indiana Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.