Ieq Capital LLC Takes Position in First Financial Corporation Indiana $THFF

Key Points

• Ieq Capital LLC acquired 29,610 shares of First Financial Corporation Indiana, valued at approximately $1.3 million, while institutional investors collectively own 72.74% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $86.00; ratings include one Strong Buy and four Holds.
• First Financial reported quarterly earnings of $1.91 per share, beating estimates of $1.79, and pays a quarterly dividend of $0.56, equivalent to a 2.8% annual yield.

Ieq Capital LLC acquired a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,610 shares of the bank's stock, valued at approximately $1,295,000. Ieq Capital LLC owned about 0.25% of First Financial Corporation Indiana as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of First Financial Corporation Indiana in the 2nd quarter valued at $149,505,000. Pzena Investment Management LLC acquired a new stake in First Financial Corporation Indiana during the 2nd quarter valued at approximately $36,515,000. UNIVEST FINANCIAL Corp bought a new position in First Financial Corporation Indiana during the second quarter worth $22,025,000. JPMorgan Chase & Co. raised its position in shares of First Financial Corporation Indiana by 43.2% in the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank's stock worth $12,471,000 after acquiring an additional 62,239 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in First Financial Corporation Indiana by 223.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank's stock valued at $3,988,000 after buying an additional 45,606 shares during the period. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on THFF shares. Brean Capital lowered shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 target price on the stock. in a research note on Friday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. Raymond James Financial started coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, First Financial Corporation Indiana has a consensus rating of "Hold" and an average price target of $86.00.

First Financial Corporation Indiana Stock Performance

First Financial Corporation Indiana stock opened at $79.07 on Thursday. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $84.17. The firm's fifty day moving average price is $78.21 and its 200-day moving average price is $70.48. The stock has a market cap of $940.14 million, a P/E ratio of 11.07 and a beta of 0.42. 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 (NASDAQ:THFF - Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. The company had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. On average, equities research analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

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