Pacific Ridge Capital Partners LLC Sells 6,037 Shares of First Financial Corporation Indiana (NASDAQ:THFF)

Key Points

• Pacific Ridge Capital Partners LLC reduced its holdings in First Financial Corporation Indiana by 25.1%, now owning approximately $880,000 in stock after selling 6,037 shares during the first quarter.
• First Financial Corporation Indiana reported $1.57 earnings per share, exceeding analysts' expectations, and has a dividend yield of 3.9% with an annualized payout of $2.04 per share.
• Several analysts have upgraded their ratings on the stock, with Keefe, Bruyette & Woods raising their price target from $55.00 to $61.00 and recommending a "market perform" status.

Pacific Ridge Capital Partners LLC lessened its stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 25.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,970 shares of the bank's stock after selling 6,037 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.15% of First Financial Corporation Indiana worth $880,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC bought a new stake in shares of First Financial Corporation Indiana during the fourth quarter valued at about $3,855,000. Millennium Management LLC increased its stake in shares of First Financial Corporation Indiana by 231.4% during the fourth 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 period. Massachusetts Financial Services Co. MA bought a new position in First Financial Corporation Indiana during the 1st quarter valued at $1,169,000. Tudor Investment Corp ET AL increased its position in shares of First Financial Corporation Indiana by 88.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 37,787 shares of the bank's stock valued at $1,745,000 after purchasing an additional 17,782 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of First Financial Corporation Indiana in the first quarter valued at $805,000. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Stock Up 0.3%

NASDAQ THFF traded up $0.16 during trading on Tuesday, reaching $53.39. The company's stock had a trading volume of 13,543 shares, compared to its average volume of 62,736. The business has a 50-day moving average price of $53.80 and a 200-day moving average price of $50.80. First Financial Corporation Indiana has a 1-year low of $39.88 and a 1-year high of $57.91. The stock has a market capitalization of $632.72 million, a PE ratio of 10.21 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

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

First Financial Corporation Indiana Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on THFF. Wall Street Zen upgraded 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 target price on First Financial Corporation Indiana from $55.00 to $61.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd.

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.