Ritholtz Wealth Management Raises Stock Holdings in First Financial Corporation Indiana $THFF

Ritholtz Wealth Management lifted its holdings in First Financial Corporation Indiana (NASDAQ:THFF) by 28.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,847 shares of the bank’s stock after buying an additional 11,988 shares during the quarter. Ritholtz Wealth Management’s holdings in First Financial Corporation Indiana were worth $3,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Financial Corp IN increased its stake in First Financial Corporation Indiana by 3.2% in the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock worth $38,602,000 after purchasing an additional 19,784 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of First Financial Corporation Indiana by 932.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock valued at $6,075,000 after purchasing an additional 90,813 shares during the period. American Century Companies Inc. boosted its stake in shares of First Financial Corporation Indiana by 11.2% during the third quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock valued at $17,876,000 after purchasing an additional 31,992 shares during the period. LSV Asset Management grew its holdings in shares of First Financial Corporation Indiana by 4.0% in the fourth quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock worth $24,293,000 after purchasing an additional 15,528 shares during the last quarter. Finally, 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 worth $49,875,000 after purchasing an additional 30,481 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Trading Up 0.0%

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

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

First Financial Corporation Indiana Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Keefe, Bruyette & Woods upped 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 research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and an average 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.