Hotchkis & Wiley Capital Management LLC Purchases 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 boosted its position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 82.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,067 shares of the bank's stock after acquiring an additional 57,690 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.08% of First Financial Corporation Indiana worth $6,273,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake 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 purchasing an additional 1,548 shares during the last quarter. XTX Topco Ltd bought a new position in First Financial Corporation Indiana during the fourth quarter worth about $213,000. Wealth Enhancement Advisory Services LLC acquired a new position in First Financial Corporation Indiana during the fourth quarter worth approximately $236,000. Cubist Systematic Strategies LLC raised its stake in First Financial Corporation Indiana by 27.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank's stock valued at $258,000 after buying an additional 1,209 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of First Financial Corporation Indiana in the fourth quarter valued at approximately $261,000. Institutional investors and hedge funds own 72.74% of the company's stock.

Analyst Upgrades and Downgrades

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 lifted their price objective on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of "Hold" and an average target price of $57.67.

First Financial Corporation Indiana Stock Performance

Shares of THFF traded down $0.33 during midday trading on Friday, reaching $59.00. 26,927 shares of the stock were exchanged, compared to its average volume of 46,380. The stock's 50 day simple moving average is $55.52 and its 200 day simple moving average is $51.66. The company has a market cap of $699.15 million, a P/E ratio of 11.28 and a beta of 0.47. First Financial Corporation Indiana has a twelve month low of $40.57 and a twelve month 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.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $63.28 million. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. First Financial Corporation Indiana's payout ratio is currently 39.01%.

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.