Pacific Ridge Capital Partners LLC Has $880,000 Stake in First Financial Corporation Indiana (NASDAQ:THFF)

Pacific Ridge Capital Partners LLC lowered its stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 25.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,970 shares of the bank's stock after selling 6,037 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.15% of First Financial Corporation Indiana worth $880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in THFF. US Bancorp DE boosted its position in First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock worth $121,000 after buying an additional 1,548 shares during the period. XTX Topco Ltd bought a new position in shares of First Financial Corporation Indiana during the fourth quarter valued at $213,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Financial Corporation Indiana during the fourth quarter worth $236,000. Cubist Systematic Strategies LLC lifted its holdings in shares of First Financial Corporation Indiana by 27.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank's stock worth $258,000 after purchasing an additional 1,209 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of First Financial Corporation Indiana in the fourth quarter worth $261,000. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Stock Down 2.1%

THFF stock opened at $52.44 on Friday. The stock's 50 day simple moving average is $53.75 and its 200 day simple moving average is $50.69. The company has a market cap of $621.41 million, a P/E ratio of 10.03 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 fifty-two week low of $38.87 and a fifty-two week high of $57.91.

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, beating analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $63.05 million during 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%. On average, research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is 39.01%.

Analysts Set New Price Targets

Several research analysts recently issued reports on THFF shares. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th.

First Financial Corporation Indiana 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.