AQR Capital Management LLC Sells 27,526 Shares of 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 trimmed its stake in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,434 shares of the bank's stock after selling 27,526 shares during the period. AQR Capital Management LLC owned approximately 1.77% of First Financial Corporation Indiana worth $10,258,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its holdings in shares of First Financial Corporation Indiana by 2.1% in the first quarter. LSV Asset Management now owns 384,312 shares of the bank's stock valued at $18,824,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $18,636,000 after buying an additional 286,409 shares during the last quarter. American Century Companies Inc. increased its stake in shares of First Financial Corporation Indiana by 9.5% in the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank's stock valued at $12,622,000 after buying an additional 22,282 shares during the period. Nuveen LLC bought a new stake in shares of First Financial Corporation Indiana during the first quarter worth $6,780,000. Finally, Northern Trust Corp raised its position in shares of First Financial Corporation Indiana by 1.0% during the fourth quarter. Northern Trust Corp now owns 135,224 shares of the bank's stock worth $6,246,000 after acquiring an additional 1,386 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Trading Down 1.3%

Shares of THFF stock traded down $0.74 on Tuesday, reaching $57.20. The company had a trading volume of 37,776 shares, compared to its average volume of 46,366. The stock has a market cap of $677.82 million, a PE ratio of 10.94 and a beta of 0.48. The company has a 50-day moving average of $56.44 and a 200-day moving average of $52.26. 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 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 issued its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $63.05 million during the quarter, compared to analysts' expectations of $63.28 million. On average, equities analysts forecast that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on 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. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, First Financial Corporation Indiana presently has an average rating of "Hold" and an average 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.