Mirae Asset Global Investments Co. Ltd. Makes New $425,000 Investment in First Financial Corporation Indiana (NASDAQ:THFF)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Financial Corporation Indiana (NASDAQ:THFF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,660 shares of the bank’s stock, valued at approximately $425,000. Mirae Asset Global Investments Co. Ltd. owned 0.07% of First Financial Corporation Indiana as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in First Financial Corporation Indiana in the fourth quarter valued at approximately $39,000. XTX Topco Ltd acquired a new stake in First Financial Corporation Indiana during the 4th quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Financial Corporation Indiana in the 4th quarter valued at $236,000. Cubist Systematic Strategies LLC increased its stake in shares of First Financial Corporation Indiana by 27.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 5,586 shares of the bank’s stock worth $258,000 after acquiring an additional 1,209 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of First Financial Corporation Indiana in the fourth quarter worth $261,000. 72.74% of the stock is owned by institutional investors and hedge funds.

First Financial Corporation Indiana Stock Performance

THFF opened at $56.94 on Friday. The firm has a fifty day moving average price of $51.99 and a 200 day moving average price of $49.35. First Financial Corporation Indiana has a 1 year low of $35.74 and a 1 year high of $57.16. The stock has a market cap of $674.74 million, a P/E ratio of 12.32 and a beta of 0.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data 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 business had revenue of $62.49 million during the quarter, compared to the consensus estimate of $62.04 million. Equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, July 1st. First Financial Corporation Indiana’s payout ratio is 44.16%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th.

First Financial Corporation Indiana Profile

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.