First Financial Corp IN Has $31.79 Million Position in First Financial Corporation Indiana $THFF

Key Points

• First Financial Corp IN reduced its holdings in First Financial Corporation Indiana by 1.1%, now owning 586,562 shares, which constitutes 14.2% of its portfolio.
• Multiple institutional investors made significant changes to their positions in Q1, with US Bancorp DE increasing their holdings by 167.0%, while Mirae Asset Global Investments acquired a new position worth approximately $425,000.
• Analyst sentiment is mixed, with Wall Street Zen upgrading the stock to a "buy" rating, while the overall consensus remains a "hold" with a target price of $57.67.

First Financial Corp IN trimmed its position in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,562 shares of the bank's stock after selling 6,779 shares during the quarter. First Financial Corporation Indiana makes up approximately 14.2% of First Financial Corp IN's holdings, making the stock its largest position. First Financial Corp IN owned 4.95% of First Financial Corporation Indiana worth $31,786,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in First Financial Corporation Indiana in the 1st quarter worth approximately $425,000. Allspring Global Investments Holdings LLC grew its position in First Financial Corporation Indiana by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank's stock valued at $509,000 after buying an additional 3,646 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in First Financial Corporation Indiana by 16.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,940 shares of the bank's stock valued at $291,000 after buying an additional 834 shares in the last quarter. US Bancorp DE boosted its holdings in shares of First Financial Corporation Indiana by 167.0% in the first quarter. US Bancorp DE now owns 2,475 shares of the bank's stock valued at $121,000 after acquiring an additional 1,548 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of First Financial Corporation Indiana in the first quarter valued at approximately $805,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock traded down $1.26 during trading hours on Friday, reaching $58.46. 179,940 shares of the company's stock were exchanged, compared to its average volume of 49,289. The stock has a market capitalization of $692.75 million, a P/E ratio of 11.18 and a beta of 0.48. First Financial Corporation Indiana has a fifty-two week low of $40.57 and a fifty-two week high of $60.77. The business has a fifty day moving average price of $56.58 and a 200-day moving average price of $52.40. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $63.05 million during 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 predict that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.51 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 39.01%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective 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. Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.67.

First Financial Corporation Indiana 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.