First Financial Corporation Indiana $THFF Shares Newly Bought by Woodmont Investment Counsel LLC

Key Points

• Woodmont Investment Counsel bought 26,167 shares of First Financial Corporation Indiana, valued at approximately $1.93 million, giving it a 0.22% stake. Institutional investors collectively own 72.74% of THFF.
• First Financial reported quarterly EPS of $2.31, beating the $2.03 consensus estimate, while revenue reached $74.96 million. The bank maintains a quarterly dividend of $0.56 per share, equivalent to a 2.9% yield.
• THFF traded at $76.55, with analysts assigning a consensus “Moderate Buy” rating and an average price target of $87.25, versus a 52-week range of $52.45 to $84.17.

Woodmont Investment Counsel LLC acquired a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,167 shares of the bank's stock, valued at approximately $1,934,000. Woodmont Investment Counsel LLC owned approximately 0.22% of First Financial Corporation Indiana as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of THFF. Dimensional Fund Advisors LP grew its position in First Financial Corporation Indiana by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank's stock worth $45,021,000 after purchasing an additional 3,870 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of First Financial Corporation Indiana by 33.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank's stock worth $8,492,000 after buying an additional 33,821 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of First Financial Corporation Indiana by 8.9% during the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank's stock worth $7,342,000 after buying an additional 9,500 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of First Financial Corporation Indiana by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 78,096 shares of the bank's stock worth $4,936,000 after buying an additional 909 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of First Financial Corporation Indiana by 8.0% during the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank's stock valued at $3,626,000 after buying an additional 4,282 shares during the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Stock Performance

NASDAQ THFF opened at $76.55 on Monday. The firm has a market capitalization of $910.18 million, a P/E ratio of 9.94 and a beta of 0.45. The stock has a 50-day simple moving average of $76.27 and a two-hundred day simple moving average of $71.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. First Financial Corporation Indiana has a fifty-two week low of $52.45 and a fifty-two week high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 EPS for the quarter, topping the consensus estimate of $2.03 by $0.28. The business had revenue of $74.96 million for the quarter, compared to analyst estimates of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. On average, equities analysts forecast that First Financial Corporation Indiana will post 7.54 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, October 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 29.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on THFF shares. Raymond James Financial started coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. Hovde Group began coverage on First Financial Corporation Indiana in a research report on Monday, October 12th. They set an "outperform" rating and a $85.00 price target for the company. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research note on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, August 28th. Finally, Weiss Ratings restated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.25.

First Financial Corporation Indiana Profile

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.

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