Vanguard Group Inc. Has $49.88 Million Stock Position in First Financial Corporation Indiana $THFF

Vanguard Group Inc. raised its position in First Financial Corporation Indiana (NASDAQ:THFF) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 825,465 shares of the bank’s stock after acquiring an additional 30,481 shares during the period. Vanguard Group Inc. owned about 6.97% of First Financial Corporation Indiana worth $49,875,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in THFF. Allspring Global Investments Holdings LLC raised its holdings in First Financial Corporation Indiana by 932.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after acquiring an additional 90,813 shares in the last quarter. First Trust Advisors LP raised its holdings in First Financial Corporation Indiana by 321.2% in the 3rd quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock valued at $2,687,000 after acquiring an additional 36,300 shares in the last quarter. Raymond James Financial Inc. raised its holdings in First Financial Corporation Indiana by 373.3% in the 2nd quarter. Raymond James Financial Inc. now owns 43,340 shares of the bank’s stock valued at $2,349,000 after acquiring an additional 34,183 shares in the last quarter. American Century Companies Inc. raised its holdings in First Financial Corporation Indiana by 11.2% in the 3rd quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock valued at $17,876,000 after acquiring an additional 31,992 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in First Financial Corporation Indiana by 253.5% in the 4th quarter. Ritholtz Wealth Management now owns 42,859 shares of the bank’s stock valued at $2,590,000 after acquiring an additional 30,734 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

Analyst Ratings Changes

THFF has been the subject of several recent research reports. Zacks Research cut First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods upped their price target on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

First Financial Corporation Indiana Trading Down 1.3%

THFF stock opened at $65.24 on Friday. First Financial Corporation Indiana has a 1-year low of $49.70 and a 1-year high of $69.21. The firm has a market cap of $775.83 million, a P/E ratio of 9.59 and a beta of 0.42. The business’s 50 day moving average is $64.51 and its 200-day moving average is $62.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The company had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. Equities analysts anticipate that First Financial Corporation Indiana will post 7.32 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, April 15th. Stockholders of record on Wednesday, April 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Wednesday, April 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

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.