First Financial Corporation Indiana $THFF Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. decreased its holdings in First Financial Corporation Indiana (NASDAQ:THFF) by 96.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,210 shares of the bank’s stock after selling 110,025 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in First Financial Corporation Indiana were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Ritholtz Wealth Management lifted its holdings in First Financial Corporation Indiana by 28.0% during the 1st quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after buying an additional 11,988 shares in the last quarter. First Financial Corp IN grew its stake in shares of First Financial Corporation Indiana by 3.2% in the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after acquiring an additional 19,784 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of First Financial Corporation Indiana by 932.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock worth $6,075,000 after acquiring an additional 90,813 shares in the last quarter. LSV Asset Management increased its position in shares of First Financial Corporation Indiana by 4.0% during the fourth quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock worth $24,293,000 after acquiring an additional 15,528 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of First Financial Corporation Indiana during the first quarter worth $654,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

Shares of THFF opened at $76.45 on Friday. The firm has a market capitalization of $908.99 million, a price-to-earnings ratio of 11.24 and a beta of 0.42. The firm’s fifty day simple moving average is $72.43 and its 200-day simple moving average is $67.08. First Financial Corporation Indiana has a twelve month low of $51.21 and a twelve month high of $78.74. 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 issued its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. Equities analysts forecast that First Financial Corporation Indiana will post 7.24 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on THFF shares. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Raymond James Financial started coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

First Financial Corporation Indiana Company 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.