Thrivent Financial for Lutherans Has $1.19 Million Position in First Financial Corporation Indiana $THFF

Thrivent Financial for Lutherans cut its holdings in First Financial Corporation Indiana (NASDAQ:THFF) by 35.0% during the third quarter, Holdings Channel.com reports. The fund owned 21,303 shares of the bank’s stock after selling 11,477 shares during the period. Thrivent Financial for Lutherans’ holdings in First Financial Corporation Indiana were worth $1,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of First Financial Corporation Indiana in the 3rd quarter valued at $27,000. MAI Capital Management bought a new stake in First Financial Corporation Indiana in the second quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in First Financial Corporation Indiana by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after buying an additional 468 shares during the period. Quantbot Technologies LP bought a new position in First Financial Corporation Indiana during the second quarter worth about $47,000. Finally, EMC Capital Management bought a new position in First Financial Corporation Indiana during the second quarter worth about $137,000. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

NASDAQ THFF opened at $66.96 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $793.48 million, a price-to-earnings ratio of 10.02 and a beta of 0.42. The business has a 50 day simple moving average of $63.52 and a 200 day simple moving average of $58.81. First Financial Corporation Indiana has a 52-week low of $42.05 and a 52-week high of $69.21.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.34%. The firm had revenue of $70.55 million for the quarter, compared to analyst estimates of $67.93 million. Analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, January 2nd. This is a boost from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio (DPR) is currently 33.53%.

Analyst Ratings Changes

A number of brokerages have recently commented on THFF. Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Finally, Zacks Research lowered shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, First Financial Corporation Indiana currently has a consensus rating of “Hold” and an average price target of $60.00.

First Financial Corporation Indiana 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.