Rhumbline Advisers Sells 1,056 Shares of First Financial Corporation Indiana (NASDAQ:THFF)

Rhumbline Advisers trimmed its holdings in First Financial Corporation Indiana (NASDAQ:THFF) by 5.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,351 shares of the bank’s stock after selling 1,056 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of First Financial Corporation Indiana worth $850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in First Financial Corporation Indiana in the 4th quarter worth approximately $39,000. Ieq Capital LLC bought a new position in shares of First Financial Corporation Indiana during the 4th quarter valued at approximately $205,000. XTX Topco Ltd bought a new position in shares of First Financial Corporation Indiana during the 4th quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Financial Corporation Indiana during the 4th quarter valued at approximately $236,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of First Financial Corporation Indiana by 27.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank’s stock valued at $258,000 after acquiring an additional 1,209 shares during the last quarter. 72.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on THFF shares. Janney Montgomery Scott upgraded First Financial Corporation Indiana from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Monday, February 24th. Wall Street Zen upgraded First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $50.93 on Friday. The stock’s fifty day moving average is $50.16 and its 200 day moving average is $48.99. First Financial Corporation Indiana has a fifty-two week low of $34.61 and a fifty-two week high of $53.60. The firm has a market capitalization of $603.57 million, a PE ratio of 11.02 and a beta of 0.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.26. First Financial Corporation Indiana had a return on equity of 9.88% and a net margin of 16.99%. The company had revenue of $62.49 million for the quarter, compared to analyst estimates of $62.04 million. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 4.01%. First Financial Corporation Indiana’s payout ratio is presently 44.16%.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.