Allspring Global Investments Holdings LLC Boosts Position in First Financial Corporation Indiana $THFF

Key Points

• Allspring Global Investments boosted its stake in First Financial Corporation Indiana by 932.7% in Q4 to 100,550 shares (about 0.85% ownership) worth roughly $6.08 million, and institutional investors now own about 72.74% of the company.
• First Financial beat Q4 expectations with EPS of $1.81 versus $1.69 expected and revenue of $70.55 million (consensus $67.93M), reporting a net margin of 22.79% and ROE of 13.02%; analysts project FY EPS of 5.41.
• The board declared a quarterly dividend of $0.56 (annualized $2.24) for a 3.5% yield, with an ex-dividend date of April 1 and payment on April 15; the stock trades near $64 with a 52-week range of $42.05–$69.21 and a P/E of 9.59.

Allspring Global Investments Holdings LLC boosted its holdings in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 932.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 100,550 shares of the bank's stock after buying an additional 90,813 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.85% of First Financial Corporation Indiana worth $6,075,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in First Financial Corporation Indiana in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its position in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock valued at $32,000 after acquiring an additional 468 shares in the last quarter. Smartleaf Asset Management LLC grew its position in First Financial Corporation Indiana by 175.3% in the third quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank's stock valued at $34,000 after acquiring an additional 377 shares in the last quarter. Quantbot Technologies LP acquired a new stake in First Financial Corporation Indiana in the second quarter valued at approximately $47,000. Finally, Advisory Services Network LLC acquired a new stake in First Financial Corporation Indiana in the third quarter valued at approximately $89,000. Hedge funds and other institutional investors own 72.74% of the company's stock.

First Financial Corporation Indiana Stock Up 0.2%

Shares of NASDAQ:THFF opened at $64.07 on Tuesday. First Financial Corporation Indiana has a 52-week low of $42.05 and a 52-week high of $69.21. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $761.92 million, a price-to-earnings ratio of 9.59 and a beta of 0.40. The company has a 50 day moving average of $64.12 and a two-hundred day moving average of $60.51.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.12. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.02%. The business had revenue of $70.55 million during the quarter, compared to the consensus estimate of $67.93 million. As a group, analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.5%. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 33.53%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on THFF. Zacks Research downgraded shares of First Financial Corporation Indiana from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Financial Corporation Indiana in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.00.

First Financial Corporation Indiana 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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