Voya Investment Management LLC Makes New Investment in First Financial Corporation Indiana $THFF

Key Points

• Voya Investment Management LLC acquired 10,800 shares of First Financial Corporation Indiana (NASDAQ:THFF), valued at approximately $529,000, giving it a 0.09% stake as of the last quarter.
• Wall Street analysts have raised First Financial's rating to "buy" and increased the price target from $55 to $61, with a consensus rating of "Hold" and price target of $57.67.
• The company announced a quarterly dividend of $0.51 per share, to be paid on October 15th, representing an annualized dividend yield of 3.5%.

Voya Investment Management LLC bought a new stake in First Financial Corporation Indiana (NASDAQ:THFF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,800 shares of the bank's stock, valued at approximately $529,000. Voya Investment Management LLC owned about 0.09% of First Financial Corporation Indiana at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in First Financial Corporation Indiana by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank's stock valued at $301,000 after acquiring an additional 266 shares during the last quarter. Legato Capital Management LLC lifted its stake in shares of First Financial Corporation Indiana by 2.4% in the 1st quarter. Legato Capital Management LLC now owns 27,081 shares of the bank's stock valued at $1,326,000 after purchasing an additional 634 shares during the period. SG Americas Securities LLC boosted its position in shares of First Financial Corporation Indiana by 4.5% in the 1st quarter. SG Americas Securities LLC now owns 15,236 shares of the bank's stock worth $746,000 after purchasing an additional 656 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of First Financial Corporation Indiana by 6.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,716 shares of the bank's stock worth $574,000 after purchasing an additional 707 shares during the period. Finally, EP Wealth Advisors LLC grew its stake in shares of First Financial Corporation Indiana by 14.5% during the first quarter. EP Wealth Advisors LLC now owns 6,551 shares of the bank's stock worth $321,000 after purchasing an additional 830 shares during the period. 72.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

THFF has been the topic of several analyst reports. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods increased their price target on shares of First Financial Corporation Indiana from $55.00 to $61.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial restated a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $57.67.

First Financial Corporation Indiana Trading Up 0.3%

Shares of NASDAQ:THFF opened at $57.81 on Friday. The firm has a market cap of $685.11 million, a price-to-earnings ratio of 11.05 and a beta of 0.48. First Financial Corporation Indiana has a 12 month low of $40.57 and a 12 month high of $60.77. The company's fifty day simple moving average is $56.76 and its 200 day simple moving average is $52.71. 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 released its earnings results 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. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The firm had revenue of $63.05 million during the quarter, compared to analysts' expectations of $63.28 million. As a group, research analysts forecast that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

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

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