Strs Ohio Makes New $549,000 Investment in First Financial Corporation Indiana $THFF

Key Points

• Strs Ohio invested approximately $549,000 in First Financial Corporation Indiana, acquiring 11,200 shares during the first quarter.
• Analysts have recently upgraded First Financial Corporation Indiana's stock rating, with a consensus target price of $57.67 and reports indicating a potential for further earnings growth.
• The company announced a quarterly dividend of $0.51, which equates to an annual yield of 3.5%, reflecting its financial stability and commitment to returning value to shareholders.

Strs Ohio bought a new stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,200 shares of the bank's stock, valued at approximately $549,000. Strs Ohio owned 0.09% of First Financial Corporation Indiana at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in First Financial Corporation Indiana by 38.0% during the 4th quarter. BNP Paribas Financial Markets now owns 13,166 shares of the bank's stock worth $608,000 after buying an additional 3,628 shares during the period. Deutsche Bank AG boosted its holdings in shares of First Financial Corporation Indiana by 4.3% in the 4th quarter. Deutsche Bank AG now owns 17,566 shares of the bank's stock valued at $811,000 after buying an additional 721 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of First Financial Corporation Indiana by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock valued at $301,000 after buying an additional 266 shares during the period. Millennium Management LLC lifted its position in 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 purchasing an additional 60,732 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in First Financial Corporation Indiana by 17.5% in the 4th quarter. Two Sigma Investments LP now owns 34,122 shares of the bank's stock valued at $1,576,000 after purchasing an additional 5,079 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.67.

First Financial Corporation Indiana Trading Up 0.4%

Shares of First Financial Corporation Indiana stock traded up $0.23 during trading on Tuesday, hitting $58.58. The stock had a trading volume of 21,112 shares, compared to its average volume of 60,974. The stock has a 50 day simple moving average of $56.59 and a 200 day simple moving average of $52.51. The company has a market capitalization of $694.11 million, a PE ratio of 11.20 and a beta of 0.48. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. First Financial Corporation Indiana has a 1 year low of $40.57 and a 1 year high of $60.77.

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

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. First Financial Corporation Indiana's payout ratio is presently 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.