Bridgeway Capital Management LLC Lowers Position in First Financial Corporation Indiana $THFF

Key Points

• Bridgeway Capital Management LLC reduced its stake in First Financial Corporation Indiana by 9.4%, selling 8,222 shares, leaving it with 79,282 shares valued at approximately $3.88 million.
• Following recent performance, brokerages have upgraded First Financial Corporation Indiana's stock rating from "hold" to "buy," with a consensus price target now at $57.67.
• In its latest earnings report, First Financial Corporation Indiana reported $1.57 EPS, exceeding analysts' expectations of $1.43, alongside a quarterly revenue of $63.05 million.

Bridgeway Capital Management LLC cut its stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,282 shares of the bank's stock after selling 8,222 shares during the quarter. Bridgeway Capital Management LLC owned about 0.67% of First Financial Corporation Indiana worth $3,883,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $301,000 after acquiring an additional 266 shares during the last quarter. Legato Capital Management LLC increased its position 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 purchasing an additional 634 shares in the last quarter. SG Americas Securities LLC lifted its holdings 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 purchasing 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% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,381 shares of the bank's stock worth $942,000 after purchasing an additional 702 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 worth $574,000 after buying an additional 707 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on THFF shares. 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 increased 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 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 analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $57.67.

First Financial Corporation Indiana Stock Performance

NASDAQ THFF traded down $0.36 during trading hours on Tuesday, reaching $58.32. The stock had a trading volume of 40,767 shares, compared to its average volume of 60,805. First Financial Corporation Indiana has a 52-week low of $40.57 and a 52-week high of $60.77. The stock has a fifty day moving average of $56.28 and a 200 day moving average of $52.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $691.15 million, a P/E ratio of 11.15 and a beta of 0.48.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly 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 company had revenue of $63.05 million during the quarter, compared to analyst estimates of $63.28 million. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio (DPR) 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.