Mirae Asset Global Investments Co. Ltd. Makes New Investment in First Financial Corporation Indiana (NASDAQ:THFF)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,660 shares of the bank's stock, valued at approximately $425,000. Mirae Asset Global Investments Co. Ltd. owned 0.07% of First Financial Corporation Indiana as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kennedy Capital Management LLC purchased a new position in shares of First Financial Corporation Indiana in the fourth quarter valued at $3,855,000. Millennium Management LLC increased its holdings in shares of First Financial Corporation Indiana by 231.4% in the 4th quarter. Millennium Management LLC now owns 86,972 shares of the bank's stock valued at $4,017,000 after acquiring an additional 60,732 shares during the last quarter. American Century Companies Inc. lifted its stake in First Financial Corporation Indiana by 9.2% during the fourth quarter. American Century Companies Inc. now owns 235,412 shares of the bank's stock worth $10,874,000 after purchasing an additional 19,867 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of First Financial Corporation Indiana by 88.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 37,787 shares of the bank's stock worth $1,745,000 after purchasing an additional 17,782 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of First Financial Corporation Indiana in the 4th quarter worth about $707,000. Institutional investors and hedge funds own 72.74% of the company's stock.

First Financial Corporation Indiana Stock Performance

THFF stock traded down $0.63 on Monday, reaching $56.35. The company's stock had a trading volume of 51,716 shares, compared to its average volume of 55,733. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. First Financial Corporation Indiana has a 52 week low of $35.74 and a 52 week high of $57.41. The firm has a fifty day moving average of $51.99 and a two-hundred day moving average of $49.37. The company has a market capitalization of $667.75 million, a P/E ratio of 12.20 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.26. The business had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. As a group, analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is presently 44.16%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

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.