Tredje AP fonden Makes New $713,000 Investment in First Financial Corporation Indiana $THFF

Tredje AP fonden purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF) in the third quarter, Holdings Channel reports. The firm purchased 12,633 shares of the bank’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of First Financial Corporation Indiana in the 3rd quarter worth $1,734,000. Acadian Asset Management LLC boosted its position in shares of First Financial Corporation Indiana by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 201,495 shares of the bank’s stock valued at $10,918,000 after acquiring an additional 4,613 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of First Financial Corporation Indiana by 261.8% in the second quarter. Los Angeles Capital Management LLC now owns 23,983 shares of the bank’s stock valued at $1,300,000 after purchasing an additional 17,355 shares during the period. American Century Companies Inc. increased its position in First Financial Corporation Indiana by 10.5% during the second quarter. American Century Companies Inc. now owns 284,734 shares of the bank’s stock worth $15,430,000 after purchasing an additional 27,040 shares during the last quarter. Finally, First Financial Corp IN increased its position in First Financial Corporation Indiana by 5.5% during the third quarter. First Financial Corp IN now owns 619,115 shares of the bank’s stock worth $34,943,000 after purchasing an additional 32,553 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Down 4.2%

NASDAQ:THFF opened at $64.23 on Tuesday. First Financial Corporation Indiana has a 52 week low of $42.05 and a 52 week high of $69.21. The stock’s fifty day moving average is $63.88 and its two-hundred day moving average is $59.41. The stock has a market capitalization of $761.13 million, a price-to-earnings ratio of 9.62 and a beta of 0.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.27.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.12. First Financial Corporation Indiana had a return on equity of 13.34% and a net margin of 22.79%.The firm had revenue of $70.55 million for the quarter, compared to the consensus estimate of $67.93 million. Research analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were given a dividend of $0.56 per share. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s dividend payout ratio is currently 33.53%.

Analysts Set New Price Targets

Several equities analysts have weighed in on THFF shares. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Zacks Research downgraded First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

First Financial Corporation Indiana Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.