Insider Buying: First Financial Corporation Indiana (NASDAQ:THFF) Director Buys 2,295 Shares of Stock

Key Points

• Director James McDonald of First Financial Corporation Indiana purchased 2,295 shares at an average price of $52.25, increasing his total ownership by 24.25%.
• The company recently announced a quarterly dividend of $0.51 per share, resulting in a yield of 4.0% for investors.
• First Financial's latest earnings report showed $1.57 EPS, surpassing analyst expectations of $1.43, while the company's revenue was slightly below consensus estimates.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) Director James Mcdonald purchased 2,295 shares of the company's stock in a transaction on Monday, October 13th. The shares were purchased at an average cost of $52.25 per share, with a total value of $119,913.75. Following the purchase, the director owned 11,757 shares of the company's stock, valued at approximately $614,303.25. The trade was a 24.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

First Financial Corporation Indiana Trading Down 0.3%

Shares of THFF traded down $0.13 during trading hours on Friday, hitting $51.56. The company had a trading volume of 214,904 shares, compared to its average volume of 61,355. The firm has a market cap of $610.99 million, a P/E ratio of 9.86 and a beta of 0.43. The stock's 50 day moving average price is $56.66 and its 200 day moving average price is $53.14. 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 52-week low of $41.91 and a 52-week high of $63.04.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last announced 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. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The company had revenue of $63.05 million for the quarter, compared to the consensus estimate of $63.28 million. On average, research analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.04 annualized dividend and a yield of 4.0%. First Financial Corporation Indiana's dividend payout ratio is 39.01%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on THFF. Keefe, Bruyette & Woods upped their price objective on 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. Wall Street Zen raised First Financial Corporation Indiana from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Financial Corporation Indiana in a research report on Wednesday, October 8th. Finally, Raymond James Financial reissued a "market perform" rating on shares of First Financial Corporation Indiana in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.67.

Hedge Funds Weigh In On First Financial Corporation Indiana

Several hedge funds and other institutional investors have recently modified their holdings of the company. MAI Capital Management purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in shares of First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank's stock worth $32,000 after purchasing an additional 468 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth $47,000. US Bancorp DE increased its stake in shares of First Financial Corporation Indiana by 167.0% in the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank's stock worth $121,000 after purchasing an additional 1,548 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in shares of First Financial Corporation Indiana in the 2nd quarter worth $137,000. 72.74% of the stock is owned by institutional investors.

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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