First Financial Corporation Indiana $THFF Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 79.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,822 shares of the bank’s stock after purchasing an additional 13,619 shares during the quarter. Hsbc Holdings PLC’s holdings in First Financial Corporation Indiana were worth $1,968,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in First Financial Corporation Indiana by 28.0% during the first quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after buying an additional 11,988 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in First Financial Corporation Indiana by 932.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after buying an additional 90,813 shares in the last quarter. LSV Asset Management raised its position in shares of First Financial Corporation Indiana by 4.0% in the fourth quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock worth $24,293,000 after acquiring an additional 15,528 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of First Financial Corporation Indiana in the first quarter worth about $654,000. Finally, Vanguard Group Inc. boosted its stake in shares of First Financial Corporation Indiana by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after acquiring an additional 30,481 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James Financial assumed coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods increased their price target on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Stock Performance

THFF opened at $77.51 on Monday. 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 company has a market cap of $921.59 million, a price-to-earnings ratio of 11.40 and a beta of 0.42. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $78.74. The firm’s fifty day simple moving average is $73.47 and its two-hundred day simple moving average is $67.68.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The business had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. Equities analysts anticipate that First Financial Corporation Indiana will post 7.24 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 32.94%.

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.