Quantinno Capital Management LP Acquires 8,921 Shares of First Financial Corporation Indiana $THFF

Quantinno Capital Management LP grew its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 62.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,315 shares of the bank’s stock after purchasing an additional 8,921 shares during the period. Quantinno Capital Management LP owned approximately 0.20% of First Financial Corporation Indiana worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in THFF. Renaissance Technologies LLC raised its stake in First Financial Corporation Indiana by 8.9% during the first quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock valued at $7,342,000 after buying an additional 9,500 shares during the last quarter. First Trust Advisors LP grew its stake in shares of First Financial Corporation Indiana by 1.7% in the first quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock worth $3,121,000 after acquiring an additional 823 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of First Financial Corporation Indiana by 30.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after acquiring an additional 479 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Financial Corporation Indiana by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock valued at $45,021,000 after acquiring an additional 3,870 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of First Financial Corporation Indiana by 33.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 134,371 shares of the bank’s stock valued at $8,492,000 after acquiring an additional 33,821 shares in the last quarter. 72.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First Financial Corporation Indiana Trading Up 0.5%

NASDAQ:THFF opened at $81.96 on Friday. The company has a market cap of $974.50 million, a PE ratio of 11.48 and a beta of 0.42. 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 company has a 50 day simple moving average of $76.97 and a two-hundred day simple moving average of $69.53. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $71.83 million for the quarter, compared to analysts’ expectations of $72.84 million. Research analysts forecast that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

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

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.