Vanguard Group Inc. Decreases Position in First Financial Corporation Indiana $THFF

Key Points

• Vanguard Group Inc. reduced its stake in First Financial Corporation Indiana by 1.5%, owning 672,166 shares valued at approximately $32.92 million as of the latest SEC filing.
• First Financial reported a Q2 earnings per share of $1.57, exceeding expectations of $1.43, despite revenues slightly missing estimates at $63.05 million.
• The company declared a quarterly dividend of $0.51 per share, providing an annualized yield of 3.4% with a payout ratio of 39.01%.

Vanguard Group Inc. reduced its holdings in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672,166 shares of the bank's stock after selling 9,980 shares during the quarter. Vanguard Group Inc. owned about 5.67% of First Financial Corporation Indiana worth $32,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THFF. US Bancorp DE raised its holdings 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 worth $121,000 after acquiring an additional 1,548 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Financial Corporation Indiana in the fourth quarter worth about $236,000. Cubist Systematic Strategies LLC boosted its position in shares of First Financial Corporation Indiana by 27.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank's stock worth $258,000 after buying an additional 1,209 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in shares of First Financial Corporation Indiana in the fourth quarter worth about $261,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of First Financial Corporation Indiana in the fourth quarter worth about $264,000. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Down 0.6%

THFF traded down $0.33 during midday trading on Friday, hitting $59.00. The company had a trading volume of 26,927 shares, compared to its average volume of 46,380. The company has a market capitalization of $699.15 million, a price-to-earnings ratio of 11.28 and a beta of 0.47. The stock's 50 day moving average price is $55.52 and its 200 day moving average price is $51.66. First Financial Corporation Indiana has a 52 week low of $40.57 and a 52 week high of $59.70. 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 (NASDAQ:THFF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, topping 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 net margin of 18.44% and a return on equity of 10.90%. On average, research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. First Financial Corporation Indiana's payout ratio is presently 39.01%.

Wall Street Analysts Forecast Growth

THFF has been the topic of several recent analyst reports. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods boosted 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 report on Wednesday, July 23rd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.67.

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.