First Financial Corporation Indiana $THFF Shares Purchased by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management raised its stake in First Financial Corporation Indiana (NASDAQ:THFF) by 253.5% in Q4, buying an additional 30,734 shares to own 42,859 shares worth about $2.59 million.
• Other institutions also increased exposure—Allspring added 90,813 shares (+932.7%) to 100,550 shares and Vanguard holds 794,984 shares—and institutional investors own roughly 72.74% of the stock.
• First Financial beat Q4 estimates with EPS $1.81 (vs. $1.69) and $70.55M revenue; the stock trades near $66.85 with a P/E of ~10, market cap ≈ $795M, and pays a quarterly dividend of $0.56 (annual yield ≈ 3.4%).

Ritholtz Wealth Management raised its stake in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 253.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,859 shares of the bank's stock after buying an additional 30,734 shares during the period. Ritholtz Wealth Management owned approximately 0.36% of First Financial Corporation Indiana worth $2,590,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of THFF. Allspring Global Investments Holdings LLC increased its stake in First Financial Corporation Indiana by 932.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank's stock valued at $6,075,000 after buying an additional 90,813 shares during the period. Vanguard Group Inc. increased its stake in First Financial Corporation Indiana by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 794,984 shares of the bank's stock valued at $44,869,000 after buying an additional 39,046 shares during the period. First Trust Advisors LP increased its stake in First Financial Corporation Indiana by 321.2% during the 3rd quarter. First Trust Advisors LP now owns 47,602 shares of the bank's stock valued at $2,687,000 after buying an additional 36,300 shares during the period. Raymond James Financial Inc. increased its stake in First Financial Corporation Indiana by 373.3% during the 2nd quarter. Raymond James Financial Inc. now owns 43,340 shares of the bank's stock valued at $2,349,000 after buying an additional 34,183 shares during the period. Finally, First Financial Corp IN increased its stake in First Financial Corporation Indiana by 5.5% during the 3rd quarter. First Financial Corp IN now owns 619,115 shares of the bank's stock valued at $34,943,000 after buying an additional 32,553 shares during the period. Institutional investors and hedge funds own 72.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on THFF shares. Zacks Research cut shares of First Financial Corporation Indiana from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Weiss Ratings reissued a "buy (b)" rating on shares of First Financial Corporation Indiana in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.00.

First Financial Corporation Indiana Stock Performance

Shares of THFF opened at $66.85 on Monday. The firm's 50 day moving average is $64.33 and its 200-day moving average is $60.74. The stock has a market capitalization of $794.98 million, a P/E ratio of 10.01 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. First Financial Corporation Indiana has a 12-month low of $42.05 and a 12-month high of $69.21.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.12. The business had revenue of $70.55 million during the quarter, compared to analyst estimates of $67.93 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 22.79%. Equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. First Financial Corporation Indiana's dividend payout ratio (DPR) is currently 33.53%.

About First Financial Corporation Indiana

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company's service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.

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