Trexquant Investment LP Acquires New Position in First Financial Corporation Indiana $THFF

Key Points

• Trexquant Investment LP has acquired a new position in First Financial Corporation Indiana (NASDAQ:THFF) by purchasing 9,291 shares valued at approximately $455,000.
• The company's latest quarterly earnings report showed earnings per share of $1.57, surpassing estimates, and it declared a dividend of $0.51 per share, yielding 3.5% annually.
• Wall Street analysts have recently upgraded her ratings for THFF, with one firm raising the target price from $55.00 to $61.00 and assigning a "market perform" rating.

Trexquant Investment LP bought a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,291 shares of the bank's stock, valued at approximately $455,000. Trexquant Investment LP owned about 0.08% of First Financial Corporation Indiana as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of First Financial Corporation Indiana by 167.0% in the first quarter. US Bancorp DE now owns 2,475 shares of the bank's stock valued at $121,000 after buying an additional 1,548 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in First Financial Corporation Indiana during the fourth quarter worth approximately $236,000. Cubist Systematic Strategies LLC increased its position in 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 last quarter. Occudo Quantitative Strategies LP acquired a new position in First Financial Corporation Indiana during the fourth quarter worth approximately $261,000. Finally, EP Wealth Advisors LLC acquired a new position in First Financial Corporation Indiana during the fourth quarter worth approximately $264,000. Institutional investors and hedge funds own 72.74% of the company's stock.

First Financial Corporation Indiana Trading Up 0.1%

First Financial Corporation Indiana stock opened at $58.68 on Tuesday. The firm's 50-day moving average is $56.21 and its 200-day moving average is $51.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. First Financial Corporation Indiana has a 1 year low of $40.57 and a 1 year high of $60.77. The company has a market cap of $695.42 million, a P/E ratio of 11.22 and a beta of 0.48.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued 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. 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, equities analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business 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 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, July 1st. First Financial Corporation Indiana's dividend payout ratio is currently 39.01%.

Wall Street Analysts Forecast Growth

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

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.

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