Global Retirement Partners LLC Makes New Investment in First Financial Corporation Indiana $THFF

Global Retirement Partners LLC bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,327 shares of the bank’s stock, valued at approximately $933,000.

Other large investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of First Financial Corporation Indiana in the second quarter valued at $843,000. Empowered Funds LLC raised its stake in shares of First Financial Corporation Indiana by 8.0% during the 1st quarter. Empowered Funds LLC now owns 57,894 shares of the bank’s stock valued at $3,626,000 after purchasing an additional 4,282 shares during the period. Quantinno Capital Management LP lifted its holdings in 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in First Financial Corporation Indiana by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock worth $7,342,000 after purchasing an additional 9,500 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in First Financial Corporation Indiana by 1.7% in the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock worth $3,121,000 after purchasing an additional 823 shares during the period. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $81.72 on Wednesday. The company’s fifty day moving average price is $77.57 and its 200-day moving average price is $69.93. The firm has a market capitalization of $971.81 million, a price-to-earnings ratio of 11.45 and a beta of 0.42. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The business had revenue of $71.83 million for the quarter, compared to the consensus estimate of $72.84 million. On average, equities research analysts anticipate that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THFF. Raymond James Financial assumed coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating for the company. Brean Capital downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Friday, August 7th. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Keefe, Bruyette & Woods raised their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.00.

First Financial Corporation Indiana Company 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.