Morgan Stanley increased its stake in First Financial Corporation Indiana (NASDAQ:THFF) by 8.3% during the first quarter, Holdings Channel reports. The firm owned 99,952 shares of the bank’s stock after buying an additional 7,636 shares during the period. Morgan Stanley’s holdings in First Financial Corporation Indiana were worth $4,749,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Adams Diversified Equity Fund Inc. increased its stake in shares of First Financial Corporation Indiana by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,600 shares of the bank’s stock valued at $1,121,000 after buying an additional 700 shares during the period. Schroder Investment Management Group increased its stake in shares of First Financial Corporation Indiana by 89.4% in the first quarter. Schroder Investment Management Group now owns 4,541 shares of the bank’s stock valued at $220,000 after buying an additional 2,144 shares during the period. Nationwide Fund Advisors increased its stake in shares of First Financial Corporation Indiana by 3.7% in the first quarter. Nationwide Fund Advisors now owns 62,264 shares of the bank’s stock valued at $2,958,000 after buying an additional 2,194 shares during the period. Wellington Management Group LLP bought a new stake in shares of First Financial Corporation Indiana during the first quarter valued at about $5,862,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of First Financial Corporation Indiana during the fourth quarter valued at about $526,000. Hedge funds and other institutional investors own 53.91% of the company’s stock.

Shares of First Financial Corporation Indiana (THFF) traded down 0.55% during midday trading on Thursday, reaching $44.80. 1,129 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $46.92 and a 200 day moving average price of $47.25. The firm has a market cap of $547.59 million, a PE ratio of 15.98 and a beta of 0.84. First Financial Corporation Indiana has a 12 month low of $39.20 and a 12 month high of $53.49.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.01. The business had revenue of $34.67 million for the quarter, compared to analysts’ expectations of $35.15 million. First Financial Corporation Indiana had a net margin of 23.36% and a return on equity of 8.06%. Equities research analysts predict that First Financial Corporation Indiana will post $2.70 earnings per share for the current year.

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THFF has been the subject of several research reports. Zacks Investment Research downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. BidaskClub downgraded shares of First Financial Corporation Indiana from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, ValuEngine upgraded shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

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Institutional Ownership by Quarter for First Financial Corporation Indiana (NASDAQ:THFF)

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