United Capital Financial Advisors LLC Makes New Investment in First Financial Corporation Indiana $THFF

United Capital Financial Advisors LLC purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,264 shares of the bank’s stock, valued at approximately $537,000. United Capital Financial Advisors LLC owned approximately 0.10% of First Financial Corporation Indiana as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in THFF. UNIVEST FINANCIAL Corp acquired a new stake in shares of First Financial Corporation Indiana during the second quarter worth $22,025,000. Ritholtz Wealth Management boosted its stake in First Financial Corporation Indiana by 28.0% in the 1st quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after purchasing an additional 11,988 shares during the period. Hsbc Holdings PLC increased its holdings in 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 purchasing an additional 13,619 shares in the last quarter. Pzena Investment Management LLC bought a new position in First Financial Corporation Indiana during the 2nd quarter worth about $36,515,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of First Financial Corporation Indiana in the 2nd quarter valued at about $33,426,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on THFF. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Friday, August 7th. Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.00.

First Financial Corporation Indiana Stock Performance

THFF opened at $78.28 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $78.54 and a 200-day moving average of $70.73. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $84.17. The stock has a market cap of $930.75 million, a price-to-earnings ratio of 10.96 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 earnings per share for the quarter, topping the consensus estimate 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 $71.87 million during the quarter, compared to analysts’ expectations of $72.84 million. On average, equities research analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 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.