First Financial Corporation Indiana (NASDAQ:THFF) Stock Position Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in First Financial Corporation Indiana (NASDAQ:THFF) by 29.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,999 shares of the bank’s stock after selling 5,783 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of First Financial Corporation Indiana worth $686,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of THFF. Proficio Capital Partners LLC bought a new stake in shares of First Financial Corporation Indiana during the 4th quarter worth $582,000. Raymond James Financial Inc. bought a new position in shares of First Financial Corporation Indiana in the fourth quarter worth about $605,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of First Financial Corporation Indiana by 73.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,009 shares of the bank’s stock worth $509,000 after purchasing an additional 4,650 shares during the last quarter. Intech Investment Management LLC bought a new stake in First Financial Corporation Indiana during the 4th quarter valued at approximately $284,000. Finally, Quantbot Technologies LP bought a new stake in First Financial Corporation Indiana during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

THFF opened at $55.41 on Wednesday. First Financial Corporation Indiana has a 12-month low of $38.87 and a 12-month high of $57.91. The business has a 50 day moving average of $52.90 and a 200-day moving average of $49.81. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market cap of $656.61 million, a price-to-earnings ratio of 11.99 and a beta of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) 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 firm had revenue of $62.49 million for the quarter, compared to analyst estimates of $62.04 million. On average, equities research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current year.

First Financial Corporation Indiana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Tuesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 44.16%.

Analyst Ratings Changes

A number of brokerages have commented on THFF. Raymond James Financial reiterated a “market perform” rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research report on Saturday.

First Financial Corporation Indiana Company 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.