Hotchkis & Wiley Capital Management LLC Acquires 57,690 Shares of First Financial Corporation Indiana $THFF

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in First Financial Corporation Indiana by 82.0% in the first quarter, owning approximately 1.08% of the company, valued at $6.27 million.
• First Financial Corporation Indiana reported a $1.57 EPS for the last quarter, exceeding analysts' expectations, but revenue slightly fell short of predictions.
• The company announced a quarterly dividend of $0.51, reflecting an annualized yield of 3.5% and a payout ratio of 39.01%.

Hotchkis & Wiley Capital Management LLC increased its stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 82.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,067 shares of the bank's stock after purchasing an additional 57,690 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.08% of First Financial Corporation Indiana worth $6,273,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of First Financial Corporation Indiana by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock valued at $301,000 after purchasing an additional 266 shares in the last quarter. Legato Capital Management LLC raised its holdings in shares of 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 acquiring an additional 634 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of First Financial Corporation Indiana by 4.5% during the 1st quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock valued at $746,000 after acquiring an additional 656 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of First Financial Corporation Indiana by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,381 shares of the bank's stock valued at $942,000 after acquiring an additional 702 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of First Financial Corporation Indiana by 6.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,716 shares of the bank's stock valued at $574,000 after acquiring an additional 707 shares during the last quarter. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on THFF. Wall Street Zen upgraded 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 stock a "market perform" rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, First Financial Corporation Indiana currently has an average rating of "Hold" and a consensus target price of $57.67.

First Financial Corporation Indiana Trading Down 0.6%

Shares of NASDAQ THFF traded down $0.33 during midday trading on Friday, reaching $59.00. The company had a trading volume of 26,927 shares, compared to its average volume of 44,757. First Financial Corporation Indiana has a one year low of $40.57 and a one year high of $59.70. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $55.52 and its 200-day moving average price is $51.66. The stock has a market cap of $699.15 million, a PE ratio of 11.28 and a beta of 0.48.

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. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The company had revenue of $63.05 million during the quarter, compared to analyst estimates of $63.28 million. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 1st. First Financial Corporation Indiana's payout ratio is 39.01%.

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.