First Financial Corporation Indiana $THFF Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in First Financial Corporation Indiana by 304.4% in Q1, owning approximately 3.21% of the bank's stock, valued at $18.64 million.
• The bank reported $1.57 EPS for Q2, surpassing expectations, while its revenue was slightly below estimates at $63.05 million.
• First Financial Corporation Indiana announced a quarterly dividend of $0.51, translating to an annualized payout of $2.04 and a yield of 3.5%.

Charles Schwab Investment Management Inc. raised its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 304.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,492 shares of the bank's stock after buying an additional 286,409 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.21% of First Financial Corporation Indiana worth $18,636,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of First Financial Corporation Indiana by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock worth $301,000 after buying an additional 266 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of First Financial Corporation Indiana by 2.4% during the first quarter. Legato Capital Management LLC now owns 27,081 shares of the bank's stock worth $1,326,000 after buying an additional 634 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of First Financial Corporation Indiana by 4.5% during the first quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock worth $746,000 after buying an additional 656 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of First Financial Corporation Indiana by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,381 shares of the bank's stock worth $942,000 after buying an additional 702 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of First Financial Corporation Indiana by 4.3% during the fourth quarter. Deutsche Bank AG now owns 17,566 shares of the bank's stock worth $811,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 72.74% of the company's stock.

First Financial Corporation Indiana Trading Up 0.1%

NASDAQ THFF traded up $0.06 during trading hours on Thursday, reaching $59.33. The company had a trading volume of 40,719 shares, compared to its average volume of 46,647. The stock has a 50-day moving average of $55.35 and a 200 day moving average of $51.63. First Financial Corporation Indiana has a 1-year low of $40.57 and a 1-year high of $59.70. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $703.06 million, a P/E ratio of 11.34 and a beta of 0.47.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, beating 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 company had revenue of $63.05 million for the quarter, compared to analysts' expectations of $63.28 million. As a group, research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. First Financial Corporation Indiana's dividend payout ratio is presently 39.01%.

Wall Street Analysts Forecast Growth

THFF has been the subject of a number of research reports. Raymond James Financial reaffirmed a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped 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. Finally, Wall Street Zen raised shares of 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 assigned a Hold rating to the stock. Based on 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 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.