2,528 Shares in First Financial Corporation Indiana $THFF Purchased by EMC Capital Management

EMC Capital Management bought a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,528 shares of the bank’s stock, valued at approximately $137,000.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of First Financial Corporation Indiana by 167.0% in the first quarter. US Bancorp DE now owns 2,475 shares of the bank’s stock worth $121,000 after acquiring an additional 1,548 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Financial Corporation Indiana in the 1st quarter worth $213,000. FineMark National Bank & Trust bought a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth about $217,000. Corton Capital Inc. bought a new position in shares of First Financial Corporation Indiana during the 2nd quarter worth about $248,000. Finally, Cerity Partners LLC raised its position in shares of First Financial Corporation Indiana by 33.5% during the first quarter. Cerity Partners LLC now owns 5,930 shares of the bank’s stock valued at $290,000 after buying an additional 1,487 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Trading Up 1.0%

THFF stock opened at $55.85 on Thursday. First Financial Corporation Indiana has a 1-year low of $42.05 and a 1-year high of $63.04. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $55.56 and its 200-day moving average is $54.77. The firm has a market cap of $661.88 million, a P/E ratio of 8.95 and a beta of 0.46.

First Financial Corporation Indiana (NASDAQ:THFF) last announced 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 return on equity of 12.99% and a net margin of 21.70%.The business had revenue of $65.75 million for the quarter, compared to analyst estimates of $65.53 million. Equities analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, October 1st. First Financial Corporation Indiana’s payout ratio is currently 32.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on THFF. Weiss Ratings restated a “buy (b-)” rating on shares of First Financial Corporation Indiana in a research note on Monday. Zacks Research upgraded First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, First Financial Corporation Indiana presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Buying and Selling at First Financial Corporation Indiana

In other news, Director James O. Mcdonald bought 2,295 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was acquired at an average price of $52.25 per share, for a total transaction of $119,913.75. Following the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.69% of the company’s stock.

About First Financial Corporation Indiana

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.