First Financial Corporation Indiana $THFF Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 261.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,983 shares of the bank’s stock after purchasing an additional 17,355 shares during the quarter. Los Angeles Capital Management LLC’s holdings in First Financial Corporation Indiana were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Voya Investment Management LLC acquired a new stake in shares of First Financial Corporation Indiana during the first quarter worth about $529,000. US Bancorp DE raised its position in First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank’s stock worth $121,000 after buying an additional 1,548 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in First Financial Corporation Indiana during the 1st quarter worth approximately $805,000. Strs Ohio acquired a new stake in First Financial Corporation Indiana during the 1st quarter valued at approximately $549,000. Finally, American Century Companies Inc. lifted its stake in First Financial Corporation Indiana by 9.5% during the 1st quarter. American Century Companies Inc. now owns 257,694 shares of the bank’s stock valued at $12,622,000 after acquiring an additional 22,282 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Performance

THFF opened at $57.30 on Thursday. The firm has a fifty day moving average price of $55.85 and a 200 day moving average price of $54.55. First Financial Corporation Indiana has a 1 year low of $42.05 and a 1 year high of $63.04. The stock has a market cap of $679.06 million, a P/E ratio of 9.18 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.61 by $0.14. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.99%. The company had revenue of $55.75 million for the quarter, compared to analyst estimates of $65.53 million. Equities research analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.69%.

Insider Buying and Selling at First Financial Corporation Indiana

In other First Financial Corporation Indiana news, Director James O. Mcdonald purchased 2,295 shares of First Financial Corporation Indiana stock in a transaction that occurred on Monday, October 13th. The stock was bought at an average price of $52.25 per share, with a total value of $119,913.75. Following the acquisition, the director owned 11,757 shares of the company’s stock, valued at $614,303.25. This trade represents a 24.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

THFF has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Wall Street Zen lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, First Financial Corporation Indiana currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

First Financial Corporation Indiana Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.