First Financial Corporation Indiana $THFF Holdings Lifted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in First Financial Corporation Indiana by 9.5%, purchasing an additional 22,282 shares during the first quarter, bringing its total to 257,694 shares valued at approximately $12.62 million.
• Several institutional investors, including US Bancorp DE and Cubist Systematic Strategies LLC, have significantly increased their holdings in First Financial, reflecting growing institutional interest in the bank's stock.
• First Financial Corporation India recently reported quarterly earnings of $1.57 per share, exceeding analyst expectations, and also announced a quarterly dividend of $0.51, reflecting a 3.5% yield.

American Century Companies Inc. boosted its holdings in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 257,694 shares of the bank's stock after buying an additional 22,282 shares during the period. American Century Companies Inc. owned 2.17% of First Financial Corporation Indiana worth $12,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in First Financial Corporation Indiana in the 1st quarter worth about $6,780,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in First Financial Corporation Indiana by 6.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,716 shares of the bank's stock worth $574,000 after buying an additional 707 shares during the last quarter. 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 buying an additional 286,409 shares during the last quarter. LSV Asset Management boosted its stake in First Financial Corporation Indiana by 2.1% in the 1st quarter. LSV Asset Management now owns 384,312 shares of the bank's stock worth $18,824,000 after buying an additional 7,804 shares during the last quarter. Finally, US Bancorp DE increased its stake in First Financial Corporation Indiana by 167.0% during the first quarter. US Bancorp DE now owns 2,475 shares of the bank's stock worth $121,000 after acquiring an additional 1,548 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Down 0.6%

Shares of THFF traded down $0.33 during midday trading on Friday, reaching $59.00. 26,927 shares of the company were exchanged, compared to its average volume of 44,757. The stock has a 50-day moving average price of $55.52 and a 200-day moving average price of $51.66. The company has a market cap of $699.15 million, a price-to-earnings ratio of 11.28 and a beta of 0.48. First Financial Corporation Indiana has a 1-year low of $40.57 and a 1-year high of $59.70. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

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

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed 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 was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. First Financial Corporation Indiana's payout ratio is currently 39.01%.

Analysts Set New Price Targets

Several brokerages have commented on THFF. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.67.

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.