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

Quantinno Capital Management LP raised its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 62.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,315 shares of the bank’s stock after buying an additional 8,921 shares during the period. Quantinno Capital Management LP’s holdings in First Financial Corporation Indiana were worth $1,474,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in THFF. Renaissance Technologies LLC boosted its stake in shares of First Financial Corporation Indiana by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 116,173 shares of the bank’s stock worth $7,342,000 after acquiring an additional 9,500 shares during the last quarter. First Trust Advisors LP increased its stake in shares of First Financial Corporation Indiana by 1.7% in the 1st quarter. First Trust Advisors LP now owns 49,386 shares of the bank’s stock worth $3,121,000 after purchasing an additional 823 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in First Financial Corporation Indiana by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,045 shares of the bank’s stock worth $129,000 after purchasing an additional 479 shares during the period. Dimensional Fund Advisors LP raised its holdings in First Financial Corporation Indiana by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after purchasing an additional 3,870 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in 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 purchasing an additional 33,821 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Stock Up 0.5%

THFF opened at $81.96 on Friday. The stock has a market cap of $974.50 million, a price-to-earnings ratio of 11.48 and a beta of 0.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s fifty day moving average is $76.97 and its 200 day moving average is $69.53. First Financial Corporation Indiana has a fifty-two week low of $51.21 and a fifty-two week high of $83.83.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $71.83 million during the quarter, compared to analyst estimates of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. On average, sell-side analysts forecast that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.7%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analysts Forecast Growth

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

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.