First Financial Corporation Indiana $THFF Stock Position Boosted by Algert Global LLC

Key Points

• Algert Global increased its THFF stake by 63.3% in the second quarter, bringing its holdings to 96,361 shares valued at approximately $4.2 million. Institutional investors and hedge funds collectively own 72.74% of the company.
• Analyst sentiment remains cautious, with one Strong Buy and four Hold ratings; the consensus rating is Hold with an average price target of $86, compared with a recent trading price of $79.50.
• First Financial exceeded quarterly EPS expectations, reporting $1.91 versus the $1.79 consensus estimate, while revenue came in at $71.87 million. The company also maintains a quarterly dividend of $0.56 per share, representing a 2.8% annualized yield.

Algert Global LLC grew its stake in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 63.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,361 shares of the bank's stock after buying an additional 37,347 shares during the quarter. Algert Global LLC owned about 0.81% of First Financial Corporation Indiana worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in First Financial Corporation Indiana by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank's stock worth $334,000 after buying an additional 312 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank's stock valued at $4,992,000 after acquiring an additional 1,666 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Financial Corporation Indiana during the first quarter valued at approximately $213,000. Legal & General Group Plc lifted its position in shares of First Financial Corporation Indiana by 12.6% in the 2nd quarter. Legal & General Group Plc now owns 12,647 shares of the bank's stock valued at $685,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of First Financial Corporation Indiana by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 17,845 shares of the bank's stock valued at $967,000 after acquiring an additional 494 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on THFF. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. Weiss Ratings restated a "buy (a-)" rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research report on Friday, August 7th. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a "market perform" rating on the stock. Finally, Brean Capital lowered First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price target on the stock. in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $86.00.

First Financial Corporation Indiana Trading Up 0.5%

NASDAQ:THFF opened at $79.50 on Friday. The company's 50 day moving average is $78.33 and its 200-day moving average is $70.56. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $84.17. The firm has a market cap of $945.25 million, a price-to-earnings ratio of 11.13 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. The business had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. Equities analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is presently 31.37%.

First Financial Corporation Indiana Company Profile

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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