Nuveen LLC Acquires Shares of 138,423 First Financial Corporation Indiana $THFF

Key Points

• Nuveen LLC invested approximately $6.78 million in First Financial Corporation Indiana, acquiring 138,423 shares, which represents 1.17% ownership of the company.
• First Financial Corporation Indiana recently announced a quarterly dividend of $0.51 per share, translating to an annualized yield of 3.5%.
• The bank's stock has been rated as "market perform" by Keefe, Bruyette & Woods with a revised target price of $61.00, while an analyst upgraded it from "hold" to "buy."

Nuveen LLC acquired a new stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 138,423 shares of the bank's stock, valued at approximately $6,780,000. Nuveen LLC owned about 1.17% of First Financial Corporation Indiana as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THFF. Wells Fargo & Company MN lifted its position in shares of First Financial Corporation Indiana by 25.1% in the fourth quarter. Wells Fargo & Company MN now owns 7,345 shares of the bank's stock valued at $339,000 after buying an additional 1,475 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Financial Corporation Indiana in the fourth quarter valued at approximately $605,000. Barclays PLC lifted its position in shares of First Financial Corporation Indiana by 13.4% in the fourth quarter. Barclays PLC now owns 42,479 shares of the bank's stock valued at $1,962,000 after buying an additional 5,022 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of First Financial Corporation Indiana in the fourth quarter valued at approximately $213,000. Finally, First Trust Advisors LP lifted its position in shares of First Financial Corporation Indiana by 14.8% in the fourth quarter. First Trust Advisors LP now owns 9,282 shares of the bank's stock valued at $429,000 after buying an additional 1,196 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

First Financial Corporation Indiana Stock Performance

THFF traded down $0.33 during trading on Friday, hitting $59.00. The stock had a trading volume of 26,927 shares, compared to its average volume of 46,380. The company has a 50 day moving average price of $55.52 and a 200-day moving average price of $51.66. The firm has a market cap of $699.15 million, a price-to-earnings ratio of 11.28 and a beta of 0.47. First Financial Corporation Indiana has a one year low of $40.57 and a one year high of $59.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $63.05 million during the quarter, compared to analysts' expectations of $63.28 million. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%. As a group, research analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

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