Cvfg LLC Purchases Shares of 11,295 First Financial Corporation Indiana $THFF

Cvfg LLC purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,295 shares of the bank’s stock, valued at approximately $714,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after purchasing an additional 468 shares during the period. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana during the second quarter worth $47,000. Smartleaf Asset Management LLC increased its position in shares of First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock worth $85,000 after buying an additional 804 shares during the period. Advisory Services Network LLC bought a new position in First Financial Corporation Indiana during the third quarter worth $89,000. Finally, PNC Financial Services Group Inc. raised its stake in First Financial Corporation Indiana by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after buying an additional 216 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Stock Down 1.3%

First Financial Corporation Indiana stock opened at $74.74 on Thursday. 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 has a 12-month low of $51.21 and a 12-month high of $78.74. The firm’s fifty day moving average is $71.16 and its 200 day moving average is $66.46. The company has a market capitalization of $888.66 million, a PE ratio of 10.99 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, April 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The business had revenue of $68.15 million for the quarter, compared to analyst estimates of $69.57 million. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. As a group, sell-side analysts predict that First Financial Corporation Indiana will post 7.32 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.56 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Wall Street Analyst Weigh In

THFF has been the topic of a number of research analyst reports. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods lifted their price objective on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Corporation Indiana has a consensus 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.