Hsbc Holdings PLC Acquires Shares of 52,472 First Financial Corporation Indiana $THFF

Hsbc Holdings PLC bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,472 shares of the bank's stock, valued at approximately $2,317,000. Hsbc Holdings PLC owned 0.44% of First Financial Corporation Indiana as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in THFF. Canada Pension Plan Investment Board bought a new position in shares of First Financial Corporation Indiana in the 2nd quarter worth $805,000. Legal & General Group Plc bought a new stake in First Financial Corporation Indiana in the second quarter valued at about $964,000. The Manufacturers Life Insurance Company bought a new stake in First Financial Corporation Indiana in the second quarter valued at about $33,426,000. Algert Global LLC lifted its stake in First Financial Corporation Indiana by 63.3% in the second quarter. Algert Global LLC now owns 96,361 shares of the bank's stock valued at $4,216,000 after buying an additional 37,347 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in First Financial Corporation Indiana in the second quarter valued at about $829,000. Institutional investors own 72.74% of the company's stock.

First Financial Corporation Indiana Price Performance

Shares of First Financial Corporation Indiana stock opened at $79.24 on Monday. First Financial Corporation Indiana has a 1 year low of $51.21 and a 1 year high of $84.17. The business has a 50-day moving average of $78.46 and a two-hundred day moving average of $70.65. The company has a market capitalization of $942.32 million, a P/E ratio of 11.10 and a beta of 0.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88.

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

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued 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 (DPR) is 31.37%.

Analyst Ratings Changes

THFF has been the subject of several analyst reports. Brean Capital lowered First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price for the company. in a research report on Friday, August 7th. Weiss Ratings reissued a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a "market perform" rating in a report on Friday. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. Finally, Capital One Financial set a $90.00 target price on shares of First Financial Corporation Indiana in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $88.00.

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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