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

A number of other institutional investors and hedge funds have also bought and sold shares of THFF. Millennium Management LLC increased its holdings 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 purchasing an additional 60,732 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in First Financial Corporation Indiana in the first quarter valued at $1,169,000. Tudor Investment Corp ET AL increased its holdings 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 purchasing an additional 17,782 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in First Financial Corporation Indiana in the first quarter valued at $805,000. Finally, Raymond James Financial Inc. acquired a new stake in First Financial Corporation Indiana in the fourth quarter valued at $605,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wall Street Zen upgraded First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Raymond James Financial reiterated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price target on 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of "Hold" and an average price target of $57.67.

First Financial Corporation Indiana Stock Up 0.4%

THFF stock traded up $0.24 during mid-day trading on Tuesday, reaching $59.24. 66,914 shares of the company traded hands, compared to its average volume of 42,648. The stock has a market cap of $701.99 million, a price-to-earnings ratio of 11.33 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 fifty-two week low of $40.57 and a fifty-two week high of $59.70. The firm's 50 day moving average price is $55.77 and its 200 day moving average price is $51.76.

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 10.90% and a net margin of 18.44%. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. First Financial Corporation Indiana's payout ratio is 39.01%.

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.