LSV Asset Management Grows Stock Position in First Financial Corporation Indiana (NASDAQ:THFF)

Key Points

• LSV Asset Management increased its stake in First Financial Corporation Indiana by 2.1% during the first quarter, now holding 3.24% of the company, valued at approximately $18.82 million.
• First Financial Corporation Indiana reported $1.57 earnings per share for the last quarter, surpassing the consensus estimate of $1.43, along with a revenue of $63.05 million.
• The company announced a quarterly dividend of $0.51 per share, translating to an annualized dividend yield of 3.8% and a payout ratio of 39.01%.

LSV Asset Management grew its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 384,312 shares of the bank's stock after buying an additional 7,804 shares during the period. LSV Asset Management owned 3.24% of First Financial Corporation Indiana worth $18,824,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in THFF. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of First Financial Corporation Indiana during the first quarter valued at approximately $425,000. Allspring Global Investments Holdings LLC boosted its holdings in First Financial Corporation Indiana by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank's stock worth $509,000 after acquiring an additional 3,646 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in First Financial Corporation Indiana by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,940 shares of the bank's stock worth $291,000 after acquiring an additional 834 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in First Financial Corporation Indiana in the first quarter worth $805,000. Finally, GAMMA Investing LLC boosted its holdings in First Financial Corporation Indiana by 26,022.2% in the first quarter. GAMMA Investing LLC now owns 11,755 shares of the bank's stock worth $576,000 after acquiring an additional 11,710 shares in the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THFF has been the topic of several analyst reports. 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 boosted their target price on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ:THFF traded up $0.69 during midday trading on Friday, reaching $53.26. 22,525 shares of the company's stock traded hands, compared to its average volume of 62,380. The company has a market cap of $631.18 million, a price-to-earnings ratio of 10.18 and a beta of 0.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. First Financial Corporation Indiana has a one year low of $39.88 and a one year high of $57.91. The stock has a 50 day moving average of $53.88 and a 200 day moving average of $50.88.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The firm had revenue of $63.05 million for the quarter, compared to the consensus estimate of $63.28 million. First Financial Corporation Indiana had a return on equity of 11.02% and a net margin of 18.44%. As a group, equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.8%. First Financial Corporation Indiana's dividend payout ratio (DPR) is 39.01%.

First Financial Corporation Indiana Company Profile

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.