AQR Capital Management LLC Decreases Position in First Financial Corporation Indiana $THFF

Key Points

• AQR Capital Management LLC reduced its stake in First Financial Corporation Indiana by 11.6%, holding 209,434 shares worth approximately $10.3 million after selling 27,526 shares.
• Other institutional investors have increased their positions, with EP Wealth Advisors growing its holdings by 14.5% and Hotchkis & Wiley Capital Management raising their stake by 82.0% during the same quarter.
• The stock has an average rating of "Hold" with a consensus target price of $57.67, and it reported earnings of $1.57 EPS, surpassing analyst expectations.

AQR Capital Management LLC cut its holdings in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,434 shares of the bank's stock after selling 27,526 shares during the period. AQR Capital Management LLC owned 1.77% of First Financial Corporation Indiana worth $10,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Financial Corporation Indiana by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock worth $301,000 after buying an additional 266 shares during the period. Legato Capital Management LLC boosted its holdings in First Financial Corporation Indiana by 2.4% in the 1st quarter. Legato Capital Management LLC now owns 27,081 shares of the bank's stock valued at $1,326,000 after purchasing an additional 634 shares during the period. SG Americas Securities LLC boosted its holdings in First Financial Corporation Indiana by 4.5% in the 1st quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock valued at $746,000 after purchasing an additional 656 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $574,000 after purchasing an additional 707 shares during the period. Finally, Deutsche Bank AG boosted its holdings in First Financial Corporation Indiana by 4.3% in the 4th quarter. Deutsche Bank AG now owns 17,566 shares of the bank's stock valued at $811,000 after purchasing an additional 721 shares during the period. 72.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First Financial Corporation Indiana Price Performance

Shares of First Financial Corporation Indiana stock traded down $0.45 on Friday, hitting $58.35. 26,546 shares of the company traded hands, compared to its average volume of 48,383. The firm's 50-day simple moving average is $56.40 and its 200 day simple moving average is $52.17. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $691.45 million, a P/E ratio of 11.16 and a beta of 0.48. First Financial Corporation Indiana has a 12-month low of $40.57 and a 12-month high of $60.77.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $63.05 million for the quarter, compared to analysts' expectations of $63.28 million. First Financial Corporation Indiana had a net margin of 18.44% and a return on equity of 10.90%. 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 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.