First Financial Corp IN Has $48.87 Million Holdings in First Financial Corporation Indiana $THFF

First Financial Corp IN lowered its position in First Financial Corporation Indiana (NASDAQ:THFF) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 631,112 shares of the bank’s stock after selling 9,161 shares during the period. First Financial Corporation Indiana accounts for 16.9% of First Financial Corp IN’s portfolio, making the stock its largest holding. First Financial Corp IN owned 0.05% of First Financial Corporation Indiana worth $48,873,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in First Financial Corporation Indiana by 8.0% in the first quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock worth $3,626,000 after acquiring an additional 4,282 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of First Financial Corporation Indiana by 62.0% during the 1st quarter. Quantinno Capital Management LP now owns 23,315 shares of the bank’s stock worth $1,474,000 after purchasing an additional 8,921 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of First Financial Corporation Indiana by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after purchasing an additional 9,500 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of First Financial Corporation Indiana by 1.7% during the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock valued at $3,121,000 after purchasing an additional 823 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock valued at $129,000 after purchasing an additional 479 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

First Financial Corporation Indiana Stock Up 0.2%

Shares of First Financial Corporation Indiana stock opened at $82.79 on Wednesday. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $83.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $75.20 and a two-hundred day moving average price of $68.63. The stock has a market capitalization of $984.37 million, a P/E ratio of 11.60 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The company had revenue of $71.87 million for the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.19%. Equities analysts expect that First Financial Corporation Indiana will post 7.46 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 31.37%.

About First Financial Corporation Indiana

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.