SG Americas Securities LLC Raises Holdings in First Financial Corporation Indiana (NASDAQ:THFF)

SG Americas Securities LLC lifted its holdings in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,236 shares of the bank’s stock after purchasing an additional 656 shares during the period. SG Americas Securities LLC owned about 0.13% of First Financial Corporation Indiana worth $746,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Martingale Asset Management L P increased its stake in shares of First Financial Corporation Indiana by 0.4% during the 4th quarter. Martingale Asset Management L P now owns 46,048 shares of the bank’s stock worth $2,127,000 after purchasing an additional 203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Financial Corporation Indiana by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,509 shares of the bank’s stock worth $301,000 after purchasing an additional 266 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of First Financial Corporation Indiana by 4.9% during the 4th quarter. Sterling Capital Management LLC now owns 6,979 shares of the bank’s stock worth $322,000 after purchasing an additional 327 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of First Financial Corporation Indiana by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,381 shares of the bank’s stock worth $942,000 after purchasing an additional 702 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of First Financial Corporation Indiana by 4.3% during the 4th quarter. Deutsche Bank AG now owns 17,566 shares of the bank’s stock worth $811,000 after purchasing an additional 721 shares in the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

First Financial Corporation Indiana Price Performance

THFF opened at $50.93 on Friday. First Financial Corporation Indiana has a 1 year low of $34.61 and a 1 year high of $53.60. The company’s 50 day simple moving average is $50.16 and its 200 day simple moving average is $48.99. The stock 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 posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.26. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. The company had revenue of $62.49 million for the quarter, compared to the consensus estimate of $62.04 million. As a group, sell-side analysts expect that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

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