Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 16,430 First Financial Corporation Indiana (NASDAQ:THFF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 16,430 shares of First Financial Corporation Indiana, valued at approximately $805,000, representing a 0.14% ownership stake.
• Various institutional investors, including Martingale Asset Management and Sterling Capital Management, have also increased their holdings in First Financial Corporation Indiana, contributing to a total institutional ownership of 72.74%.
• First Financial Corporation Indiana recently announced a quarterly dividend of $0.51 per share, with a current dividend yield of 3.9% and a payout ratio of 39.01%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,430 shares of the bank's stock, valued at approximately $805,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of First Financial Corporation Indiana as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of THFF. Kennedy Capital Management LLC acquired a new stake in First Financial Corporation Indiana in the fourth quarter valued at approximately $3,855,000. Millennium Management LLC boosted its stake in First Financial Corporation Indiana by 231.4% in 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 in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in First Financial Corporation Indiana in the first quarter valued at approximately $1,169,000. Tudor Investment Corp ET AL boosted its stake in First Financial Corporation Indiana by 88.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 37,787 shares of the bank's stock valued at $1,745,000 after acquiring an additional 17,782 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Financial Corporation Indiana during the fourth quarter worth $605,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ:THFF traded down $0.12 on Tuesday, hitting $53.12. 12,035 shares of the company were exchanged, compared to its average volume of 62,715. First Financial Corporation Indiana has a 1-year low of $39.88 and a 1-year high of $57.91. The stock's 50 day moving average price is $53.80 and its 200 day moving average price is $50.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $629.47 million, a P/E ratio of 10.15 and a beta of 0.47.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last issued its 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 net margin of 18.44% and a return on equity of 11.02%. The firm had revenue of $63.05 million during the quarter, compared to analysts' expectations of $63.28 million. Sell-side analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.8%. First Financial Corporation Indiana's payout ratio is presently 39.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on THFF shares. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th.

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.