10,200 Shares of First Financial Corporation Indiana $THFF Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Financial Corporation Indiana (NASDAQ:THFF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,200 shares of the bank’s stock, valued at approximately $754,000. Mirae Asset Global Investments Co. Ltd. owned 0.09% of First Financial Corporation Indiana at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THFF. Allspring Global Investments Holdings LLC raised its stake in First Financial Corporation Indiana by 33.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock worth $8,492,000 after purchasing an additional 33,821 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of First Financial Corporation Indiana in the 3rd quarter valued at approximately $1,041,000. Hsbc Holdings PLC increased its holdings in shares of First Financial Corporation Indiana by 79.2% during the 1st quarter. Hsbc Holdings PLC now owns 30,822 shares of the bank’s stock worth $1,968,000 after buying an additional 13,619 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of First Financial Corporation Indiana during the 1st quarter worth approximately $654,000. Finally, Renaissance Technologies LLC raised its position 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 buying an additional 9,500 shares during the period. 72.74% of the stock is currently owned by institutional investors and hedge funds.

First Financial Corporation Indiana Price Performance

Shares of THFF opened at $76.24 on Monday. First Financial Corporation Indiana has a 1-year low of $54.56 and a 1-year high of $84.17. The stock has a market cap of $906.49 million, a PE ratio of 9.90 and a beta of 0.45. The firm has a 50-day simple moving average of $76.11 and a two-hundred day simple moving average of $71.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.88.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 EPS for the quarter, topping the consensus estimate of $2.03 by $0.28. The firm had revenue of $74.96 million for the quarter, compared to analyst estimates of $75.31 million. First Financial Corporation Indiana had a net margin of 24.45% and a return on equity of 13.84%. As a group, analysts forecast that First Financial Corporation Indiana will post 7.93 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.9%. First Financial Corporation Indiana’s payout ratio is presently 29.09%.

Analyst Ratings Changes

A number of research analysts recently commented on THFF shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a report on Thursday, October 22nd. Wall Street Zen raised First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Hovde Group assumed coverage on First Financial Corporation Indiana in a research report on Monday, October 12th. They issued an “outperform” rating and a $85.00 target price on the stock. Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.25.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.