Deutsche Bank AG Buys Shares of 28,876 First Financial Corporation Indiana $THFF

Key Points

• Deutsche Bank AG acquired 28,876 shares of First Financial Corporation Indiana in the second quarter, valued at approximately $1.26 million. Institutional investors collectively own 72.74% of the company.
• First Financial reported quarterly earnings of $1.91 per share, exceeding analyst expectations of $1.79, while revenue totaled $71.87 million. Analysts expect full-year earnings of approximately $7.59 per share.
• The bank declared a quarterly dividend of $0.56 per share, equivalent to an annualized $2.24 dividend and a 2.8% yield. Despite one Strong Buy rating, the stock carries a consensus “Hold” rating with an average price target of $88.

Deutsche Bank AG acquired a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,876 shares of the bank's stock, valued at approximately $1,263,000. Deutsche Bank AG owned approximately 0.24% of First Financial Corporation Indiana at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in THFF. EverSource Wealth Advisors LLC boosted its position in First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock valued at $32,000 after purchasing an additional 468 shares during the period. Quantbot Technologies LP acquired a new position in shares of First Financial Corporation Indiana during the second quarter valued at $47,000. Smartleaf Asset Management LLC grew its position in shares of First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank's stock worth $85,000 after acquiring an additional 804 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Financial Corporation Indiana in the 3rd quarter worth about $89,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank's stock worth $95,000 after acquiring an additional 216 shares during the period. Institutional investors own 72.74% of the company's stock.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $79.24 on Friday. The company's fifty day moving average is $78.46 and its two-hundred day moving average is $70.62. The company has a market cap of $942.16 million, a P/E ratio of 11.10 and a beta of 0.42. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $84.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. The business had revenue of $71.87 million during the quarter, compared to analysts' expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. Equities analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana's payout ratio is 31.37%.

Analyst Ratings Changes

THFF has been the subject of several recent analyst reports. Brean Capital cut shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price for the company. in a research report on Friday, August 7th. Keefe, Bruyette & Woods boosted their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Finally, Raymond James Financial started coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, First Financial Corporation Indiana currently has an average rating of "Hold" and an average target price of $88.00.

About First Financial Corporation Indiana

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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