Jacobs Levy Equity Management Inc. Purchases 19,322 Shares of First Financial Corporation Indiana $THFF

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in First Financial Corporation Indiana by 45.9%, holding 61,402 shares valued at approximately $3,007,000 as of the latest SEC filing.
• Institutional investors collectively own 72.74% of First Financial Corporation Indiana, with US Bancorp DE leading a 167.0% increase in its holdings during the first quarter.
• First Financial Corporation Indiana reported earnings of $1.57 per share for the last quarter, exceeding analysts' expectations, while also announcing a quarterly dividend of $0.51 per share.

Jacobs Levy Equity Management Inc. grew its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 45.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,402 shares of the bank's stock after buying an additional 19,322 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.52% of First Financial Corporation Indiana worth $3,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. EP Wealth Advisors LLC raised its stake in shares of First Financial Corporation Indiana by 14.5% during the first quarter. EP Wealth Advisors LLC now owns 6,551 shares of the bank's stock valued at $321,000 after acquiring an additional 830 shares during the last quarter. Trexquant Investment LP purchased a new position in First Financial Corporation Indiana during the first quarter valued at approximately $455,000. Ieq Capital LLC lifted its holdings in shares of First Financial Corporation Indiana by 82.7% in the 1st quarter. Ieq Capital LLC now owns 8,107 shares of the bank's stock worth $397,000 after acquiring an additional 3,669 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in First Financial Corporation Indiana by 82.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 128,067 shares of the bank's stock valued at $6,273,000 after buying an additional 57,690 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of First Financial Corporation Indiana by 13.8% in the 1st quarter. Hsbc Holdings PLC now owns 16,845 shares of the bank's stock worth $830,000 after buying an additional 2,047 shares during the period. Institutional investors and hedge funds own 72.74% of the company's stock.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ THFF traded down $0.45 during mid-day trading on Friday, reaching $58.35. The company had a trading volume of 26,546 shares, compared to its average volume of 48,383. The stock has a market cap of $691.45 million, a PE ratio of 11.16 and a beta of 0.48. The company has a 50-day moving average price of $56.40 and a two-hundred day moving average price of $52.16. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. First Financial Corporation Indiana has a 1-year low of $40.57 and a 1-year high of $60.77.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The business had revenue of $63.05 million for the quarter, compared to analyst estimates of $63.28 million. On average, equities analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. First Financial Corporation Indiana's dividend payout ratio is 39.01%.

Analyst Ratings Changes

THFF has been the subject of a number of recent research reports. Wall Street Zen raised shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price target on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $57.67.

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.