Ritholtz Wealth Management Purchases 11,988 Shares of First Financial Corporation Indiana $THFF

Ritholtz Wealth Management boosted its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 28.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,847 shares of the bank’s stock after buying an additional 11,988 shares during the period. Ritholtz Wealth Management owned approximately 0.46% of First Financial Corporation Indiana worth $3,466,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in THFF. Vanguard Group Inc. grew its holdings in shares of First Financial Corporation Indiana by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock valued at $49,875,000 after purchasing an additional 30,481 shares in the last quarter. First Financial Corp IN raised its stake in First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after purchasing an additional 19,784 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in First Financial Corporation Indiana by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,175 shares of the bank’s stock valued at $29,918,000 after purchasing an additional 11,743 shares during the last quarter. State Street Corp lifted its position in First Financial Corporation Indiana by 0.3% during the fourth quarter. State Street Corp now owns 450,342 shares of the bank’s stock valued at $27,210,000 after purchasing an additional 1,332 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of First Financial Corporation Indiana by 4.0% in the 4th quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock worth $24,293,000 after buying an additional 15,528 shares in the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Up 0.0%

Shares of THFF opened at $76.13 on Friday. The company has a market cap of $905.19 million, a PE ratio of 11.20 and a beta of 0.43. The business has a fifty day moving average of $69.28 and a 200 day moving average of $65.64. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $77.18. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The company had revenue of $68.15 million during the quarter, compared to analyst estimates of $69.57 million. On average, sell-side analysts expect that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

Analyst Ratings Changes

A number of research firms have recently weighed in on THFF. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, First Financial Corporation Indiana 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.