124,683 Shares in First Financial Corporation Indiana $THFF Bought by Man Group plc

Man Group plc purchased a new position in First Financial Corporation Indiana (NASDAQ:THFF) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 124,683 shares of the bank’s stock, valued at approximately $5,455,000.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after purchasing an additional 468 shares during the period. Allworth Financial LP bought a new position in First Financial Corporation Indiana in the 2nd quarter valued at $34,000. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth approximately $47,000. Smartleaf Asset Management LLC lifted its stake in First Financial Corporation Indiana by 135.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after buying an additional 804 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of First Financial Corporation Indiana in the 3rd quarter valued at $89,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on THFF shares. Brean Capital cut shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, August 7th. Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Raymond James Financial started coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.00.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock opened at $79.24 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $942.16 million, a P/E ratio of 11.10 and a beta of 0.42. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $84.17. The firm’s 50 day moving average is $78.46 and its 200 day moving average is $70.62.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The business had revenue of $71.87 million during the quarter, compared to analyst estimates of $72.84 million. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 31.37%.

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.