Acadian Asset Management LLC Purchases 14,398 Shares of First Financial Corporation Indiana $THFF

Key Points

• Acadian Asset Management LLC increased its stake in First Financial Corporation Indiana by 7.9%, now owning approximately 1.66% of the company with shares valued at $9.64 million.
• First Financial Corporation Indiana recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend of $2.04 and a yield of 3.5%.
• Analysts have a consensus rating of "Hold" on First Financial Corporation Indiana, with a target price of $57.67 as of the latest reports.

Acadian Asset Management LLC increased its position in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 196,882 shares of the bank's stock after purchasing an additional 14,398 shares during the period. Acadian Asset Management LLC owned about 1.66% of First Financial Corporation Indiana worth $9,642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THFF. Charles Schwab Investment Management Inc. boosted its stake in First Financial Corporation Indiana by 304.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 380,492 shares of the bank's stock worth $18,636,000 after purchasing an additional 286,409 shares during the period. Nuveen LLC acquired a new position in First Financial Corporation Indiana in the 1st quarter worth approximately $6,780,000. Millennium Management LLC boosted its stake in First Financial Corporation Indiana by 231.4% in the 4th quarter. Millennium Management LLC now owns 86,972 shares of the bank's stock worth $4,017,000 after purchasing an additional 60,732 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in First Financial Corporation Indiana by 82.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 128,067 shares of the bank's stock worth $6,273,000 after purchasing an additional 57,690 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in First Financial Corporation Indiana in the 1st quarter worth approximately $1,169,000. Institutional investors and hedge funds own 72.74% of the company's stock.

Wall Street Analysts Forecast Growth

THFF has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, First Financial Corporation Indiana has an average rating of "Hold" and an average price target of $57.67.

First Financial Corporation Indiana Stock Up 2.4%

Shares of First Financial Corporation Indiana stock traded up $1.38 during midday trading on Thursday, reaching $59.34. 24,016 shares of the company's stock traded hands, compared to its average volume of 60,261. The company has a market cap of $703.18 million, a price-to-earnings ratio of 11.35 and a beta of 0.48. The company's 50 day simple moving average is $56.46 and its 200 day simple moving average is $52.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. First Financial Corporation Indiana has a 52 week low of $40.57 and a 52 week high of $60.77.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $63.05 million for the quarter, compared to the consensus estimate of $63.28 million. First Financial Corporation Indiana had a net margin of 18.44% and a return on equity of 10.90%. Equities analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. First Financial Corporation Indiana's dividend payout ratio is currently 39.01%.

About First Financial Corporation Indiana

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.