GSA Capital Partners LLP Makes New Investment in First Financial Corporation Indiana $THFF

GSA Capital Partners LLP bought a new position in First Financial Corporation Indiana (NASDAQ:THFF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,275 shares of the bank’s stock, valued at approximately $843,000. GSA Capital Partners LLP owned about 0.16% of First Financial Corporation Indiana at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in THFF. JPMorgan Chase & Co. grew its holdings in shares of First Financial Corporation Indiana by 43.2% during the 4th quarter. JPMorgan Chase & Co. now owns 206,412 shares of the bank’s stock valued at $12,471,000 after purchasing an additional 62,239 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in First Financial Corporation Indiana by 223.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 66,009 shares of the bank’s stock valued at $3,988,000 after purchasing an additional 45,606 shares during the last quarter. Vanguard Group Inc. boosted its position in First Financial Corporation Indiana by 5.2% in the third quarter. Vanguard Group Inc. now owns 794,984 shares of the bank’s stock valued at $44,869,000 after buying an additional 39,046 shares in the last quarter. First Trust Advisors LP boosted its position in First Financial Corporation Indiana by 321.2% in the third quarter. First Trust Advisors LP now owns 47,602 shares of the bank’s stock valued at $2,687,000 after buying an additional 36,300 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of First Financial Corporation Indiana by 373.3% during the second quarter. Raymond James Financial Inc. now owns 43,340 shares of the bank’s stock worth $2,349,000 after buying an additional 34,183 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on THFF. Raymond James Financial assumed coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating for the company. Brean Capital downgraded First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, August 7th. Keefe, Bruyette & Woods upped their target price on First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Capital One Financial set a $90.00 price target on First Financial Corporation Indiana in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, First Financial Corporation Indiana presently has an average rating of “Hold” and a consensus price target of $86.00.

First Financial Corporation Indiana Stock Performance

THFF stock opened at $81.72 on Wednesday. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $84.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $77.57 and a 200-day moving average price of $69.93. The firm has a market cap of $971.81 million, a PE ratio of 11.45 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 $71.83 million during the quarter, compared to the consensus estimate of $72.84 million. As a group, equities research analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.7%. First Financial Corporation Indiana’s payout ratio is currently 31.37%.

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.