First Financial Corp IN Cuts 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 cut its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 1.1% during 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 comprises 14.2% of First Financial Corp IN's portfolio, making the stock its biggest holding. First Financial Corp IN owned 4.95% of First Financial Corporation Indiana worth $31,786,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms recently weighed in on THFF. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Raymond James Financial reaffirmed 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 given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.67.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ THFF opened at $57.94 on Tuesday. The stock's fifty day moving average price is $56.43 and its two-hundred day moving average price is $52.22. The firm has a market cap of $686.59 million, a price-to-earnings ratio of 11.08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. First Financial Corporation Indiana has a one year low of $40.57 and a one year high of $60.77.

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

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.

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